Global renewable energy developer Mainstream Renewable Power has secured funding for its one MW Condor assets, the first phase of its 1.3GW Andes wind and solar platform in Condor . It followed the closure of a €90m ( €90m ) trade finance facility with DNB and HSBC banks. “The facility will initially support the development of a significant portfolio of renewable energy assets in Chile and is a very positive step forward in advancing our global green credentials while also highlighting the strength of our network and trade finance expertise.” Mainstream said starting work on the Condor project could attract new lenders and boost the facility to €200m. CEO Ireland Michael Lalor said the firm's Chilean portfolio was helping renewable energy "outcompete both new and existing fossil-fired generation".
Global renewable energy developer Mainstream Renewable Power has secured funding for its one MW Condor assets, the first phase of its 1.3GW Andes wind and solar platform in Condor . It followed the closure of a €90m ( €90m ) trade finance facility with DNB and HSBC banks. Mainstream said starting work on the Condor project could attract new lenders and boost the facility to €200m. CEO Ireland Michael Lalor said the firm's Chilean portfolio was helping renewable energy "outcompete both new and existing fossil-fired generation".