With Mytilineos for the development of solar parks in Chile

The Intesa Sanpaolo IMI Corporate & Investment Banking Division has subscribed part of a credit line of up to 315 million dollars, structured by a pool of international banks, to Mytilineos a Greece-based company that builds and develops renewable energy projects, for the construction of four solar parks in Chile with a total capacity of 588 MW.

The transaction is part of Mytilineos’ global renewable infrastructure development strategy that extends to Chile, a fast-growing market in the energy sector thanks to an ample supply of natural resources and ambitious decarbonisation targets.

This project, together with the four already in portfolio, will generate approximately 1.6 terrawatt-hours (TWh) of clean energy a year, reducing carbon dioxide emissions by more than 600,000 tonnes on an annual basis.

Participation in the Mytilineos transaction is part of the strategy to develop the international activities of IMI CIB Division, as envisaged in the strategic plans of the group led by CEO Carlo Messina, and follows those already announced in:

• New Mexico, for the construction of the largest green energy infrastructure in the United States;
• Brazil, for the construction of São Paulo’s metro line 6;
• New York, for the new Terminal 1 at JFK airport;
• Miami, for the construction of the largest cruise terminal in the United States.