The renewable energy developer Cobra Energia received $254 million in loans from a group of financing companies led by Natixis SA for two wind projects in southwest Peru.
Other lenders that participated in the financing include Export-Import Bank of the U.S., the French Development Agency, the German Investment Corp., and the Netherlands Development Finance Co., according to an e-mailed statement Friday from Natixis.
Oil, gas and coal thermal plants account for 63 percent of Peru’s power and the country is seeking to diversify its energy sources.
Funding will go to the 32-megawatt Marcona project that was completed in April 2014, and the 97-megawatt Tres Hermanas wind farm, which is expected to be complete in December. Marcona is Peru’s first commercial-scale wind farm to go into operation, according to the statement.
Natixis is a unit of the French bank Groupe BPCE and Cobra is part of the Spanish construction company Grupo ACS.