German developer WPD has issued an request for proposals to banks to raise financing for greenfield wind projects.
The company is asking for proposals to raise around $300 million in debt for assets representing a total investment of $500 million. The debt structure has not yet been defined.
MUFG, Sumitomo Mitsui Banking Corp. and Scotiabank are understood to be considering the RFP.
WPD is developing three wind projects in Chile, all of which are expected to reach commercial operations in 2021, with construction set to start between 2019 and 2020.
The 273 MW Malleco project is located 9 miles southeast of Collipulli, Malleco. It will have 77 wind turbines each with 3.45 MW to 3.6 MW of capacity.
The 39 MW Negrete project, meanwhile, is located in the Biobío province, with 11 turbines, also in the 3.45 MW to 3.6 MW range.
Finally, the 59 MW Lomas de Duqueco project is located near Los Ángeles, Biobío. The project will have 14 wind turbines with 4.2 MW of capacity each.
WDP won 20-year contracts for 350 MW of wind capacity in Chile's 2016 power supply auction. The offtake agreement starts in 2021.
(A version of this article first appeared on IJGlobal)