KUALA LUMPUR: Yinson Holdings Bhd’s renewables business unit, Yinson Renewables (YR), has secured a US$59 million (US$1=RM4.4325) senior secured green financing facility for the Matarani solar project in Peru from IDB Invest and Natixis Corporate and Investment Banking (Natixis CIB).

According to BERNAMA News Agency, YR’s chief financial officer, Vegard Urnes, stated that the financing marks a significant milestone for the company in Latin America. He emphasized that this achievement not only underscores YR’s commitment to advancing renewable energy solutions but also highlights the importance of strategic partnerships with institutions like IDB Invest and Natixis CIB.

Urnes expressed that the collaboration is a testament to a shared vision of fostering sustainable development and addressing climate change. He added that YR looks forward to continuing its work in Peru and beyond, leveraging these strong partnerships to drive future projects that contribute to a greener and more resilient energy landscape.

YR noted that Natixis CIB acted as the sole structuring bank, green loan coordinator, and joint lead arranger alongside IDB Invest. The 97 MWp (megawatt peak) Matarani Solar Plant, located near Arequipa, Peru, is supported by a long-term power purchase agreement with Orygen, the country’s leading renewable energy supplier and generator. The project is a milestone in Peru’s energy sector, being the first non-subsidised operational solar plant to be financed through a green project finance facility.