IFC to facilitate $50 mn to support Vatia´s renewable energy expansion plans

The International Finance Corporation (IFC) is set to facilitate $50mn in financing to support the renewable energy expansion plans of Colombian firm Vatia. The deal would see IFC acquire a US$10mn equity stake in Vatia and syndicate up to US$40mn in senior debt from local banks, according to documents on the World Bank affiliate’s website. Cali-based Vatia would use the proceeds to purchase solar assets totaling 37MW and increase its trading and commercialization activities, IFC said.

Source: Bnamericas