Matrix Renewables Closes Financing for 328-MW Solar Dispersed Generation Portfolio in Chile

Matrix Renewables, a Madrid-based renewable energy platform backed by the global alternative asset manager, TPG, closed a non-recourse, long-lasting financing agreement for 328 MW of solar-dispersed generation (DG) projects in Chile. Out of the 48 photovoltaic projects in Chile’s PMGD program (projects with a generation capacity surplus lower than or equal to 9,000 kW), the Matrix Renewable portfolio of smaller-scale energy generation projects is the largest portfolio ever funded in Chile. The agreement is also the first long-term US Private Placement plan for this kind of possession, funding USD 290 million for the projects.

Source: List Solar