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SAN DIEGO, California, SANTIAGO, Chile, and TOKYO, Japan (May 26, 2021): 

Eurus Energy America (“Eurus”) is pleased to announce the signing of a green loan credit agreement for the financing of the construction and operation of a portfolio of approximately 80MW of solar projects in Chile. Sumitomo Mitsui Banking Corporation (SMBC), a top-tier global bank, acted as a green loan coordinator. The portfolio will consist of several solar photovoltaic projects that generate electricity and will sell their generation under the Chilean “PMGD” system, which is designed for smaller, distributed generation projects.  This PMGD Portfolio will contribute to Chile’s renewable generation and decarbonization goals. 

Eurus currently owns two operational solar PV plants in Chile, and, with this new portfolio, will own and operate approximately 100 MW of solar PV plants.

“We are excited to announce this PMGD portfolio financing, which will expand Eurus’ presence in Chile and further contribute toward the country’s renewable goals”, says Michael Whittle, Vice President of Development South America. 

Providence Capital Advisors acted as financial advisor to Eurus.