Enel Green Power Signs Loan With Banco Santander For Mexico Wind Farms

Enel Green Power has signed a EUR 153 million loan agreement with Banco Santander for investments associated with wind farms in Mexico.

Banco Santander is the lender, sole lead arranger and agent, and the 12-year term loan bears an interest rate in line with the market benchmark and is secured by a parent company guarantee issued by Enel Green Power.

The Spanish Export Credit Agency (CESCE) is covering the agreement and will support Spanish component manufacturers to which Enel has turned for the construction and development of the plants.

In Mexico, Enel Green Power owns and manages 144 MW of wind capacity and is currently constructing two additional wind farms: Sureste (102 MW) and Dominica (100 MW).