Enel Green Power SpA, the clean-energy unit of Italy’s biggest utility, received $300 million from Banco Bilbao Vizcaya Argentaria SA to support its investment plans in Chile and Mexico.
The Spanish bank agreed to provide two $150 million five-year loans to partly cover the company’s investments over the next few years in the countries, Rome-based Enel said in separate statements on its website. The Mexican loan was paid in 2013 and the Chilean facility will be disbursed in the next months, it said.
Enel Green operates clean energy plants in six Latin American countries, including two wind farms in both Mexico and Chile. The company is working on two wind projects in Mexico with a combined 202 megawatts, its website shows. It is also building a 99-megawatt wind farm and 36-megawatt solar park in Chile.