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