Latin American Power raises project financing for 184.8MW Chilean wind farm

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Latin American Power raises project financing for 184.8MW Chilean wind farm

Latin American Power (LAP) has closed financing to develop the 184.8 MW San Juan wind farm which will be the largest facility of this type in Chile.

The wind farm, located in the Atacama region on the south coast of the Freirina municipal district, will have total installed capacity of 184.8 MW. Vestas will supply 56 of its V117 3.3MW turbines to the project.

Spain's Elecnor, which is building Kuwait's first wind farm, will be responsible for the full execution of the balance of plant (BOP), the engineering work, supply and construction of the plant's transmission network (84 kilometres of 220 kV line), the San Juan electricity substation and the connection to the substation (Punta Colorada) where the network joins the Chilean backbone network.

LAP acquired the project in 20131. The firm has plans to develop two additional wind projects in Chile, the 150MW Llay and the 46MW Totoral projects.

LAP is controlled by Brazilian investment bank BTG Pactual. The company is currently being acquired by SunEdison, and it is expected feed projects into its soon-to-be-launched second yieldco, TerraForm Global.

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