Solarpack has raised a total of USD$104 million for nine PV plants in Chile and India. A group of Chilean banks has financed three of the company’s Chilean Small Means of Distributed Generation projects for $35 million. Meanwhile, an Indian financial entity has financed six plants in India for $69 million. The total capacity of the plants is 135.5MWp.
Pablo Burgos, Solarpack's CEO, commented: "Reaching financial close in such different geographical areas demonstrates once again the immense confidence that banks and international credit institutions have in Solarpack's bankability, business model and management. This represents a new milestone for the company, which is pushing ahead with plans to expand its international presence and deepen its experience in the market it operates in."
Solarpack is planning to expand into new markets in America and Asia Pacific, with PV projects ranging from community supply plants to those aimed at large businesses.