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Grenergy gets loan for LatAm’s largest solar energy storage plant - Latin Lawyer

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Grenergy gets loan for LatAm’s largest solar energy storage plant  - Latin Lawyer

Grenergy gets loan for LatAm’s largest solar energy storage plant

Credit: Shutterstock/Fit Ztudio

Spain’s Grenergy Renovables has enlisted Clifford Chance LLP in Madrid and Carey in Santiago to obtain a green loan worth USS$370 million for a hybrid renewable project, which is set to become one of the world’s largest solar energy storage projects and the largest in Latin America.

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Related Knowledge Center: ENERGY BASICS: solar

State of Play

Declining costs and government encouragement have resulted in a rapid increase in solar energy production in the United States over the past 10 years, although solar’s share remains small: 1.6 percent of all electricity generation in 2018. That rapid growth is projected to continue.

More informationabout ENERGY BASICS: solar