Coral Energía secures $12.25 million syndicated loan for four solar parks in Córdoba, Argentina
Type: Financing · Technology: Solar · Country: Argentina · Capacity: 20 MW · Value: $12.25M · Announced: 2026-07-01
Coral Energía, a Grupo Corven company, secured a $12.25 million syndicated loan to partially finance the construction of four solar parks in Córdoba, Argentina. The projects, with a combined installed capacity of 20 MW, are located in San Francisco, San Francisco del Chañar, Villa María, and Cruz del Eje. The financing was structured by Banco de la Nación Argentina, BIND, and Banco Ciudad, with the remaining investment provided by Grupo Corven's own funds. These solar parks will connect to the Argentine Interconnection System (SADI) at nodes defined by the Provincial Energy Company of Córdoba (EPEC) to supply renewable generation to regional demand zones. Construction is underway, with completion anticipated by the end of October, and Coral Energía will hold a 20-year concession for the assets.
Analysis
Coral Energía, a Grupo Corven company, secured a $12.25 million syndicated loan to partially finance the construction of four solar parks in Córdoba, Argentina, with a combined installed capacity of 20 MW. The financing was structured by Banco de la Nación Argentina, BIND, and Banco Ciudad. Grupo Corven provided the remaining investment for the projects located in San Francisco, San Francisco del Chañar, Villa María, and Cruz del Eje. These solar parks will connect to the Argentine Interconnection System (SADI) at nodes defined by the Provincial Energy Company of Córdoba (EPEC). Construction is underway with completion anticipated by the end of October, and Coral Energía will hold a 20-year concession for the assets.
Key points
- Coral Energía secured $12.25 million in financing.
- The deal is for four solar parks with 20 MW combined capacity.
- Lenders include Banco de la Nación Argentina, BIND, and Banco Ciudad.
- Projects are located in San Francisco, San Francisco del Chañar, Villa María, and Cruz del Eje, Córdoba, Argentina.
- Coral Energía will hold a 20-year concession for the assets.
Counterparties
- Banco de la Nación Argentina (Lender)
- BIND (Lender)
- Grupo Corven (Parent Company)
- Banco Ciudad (Lender)
- Coral Energía (Borrower)