ABN AMRO led the increase on the Trade Finance Facility
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Mainstream Renewable Power, the global wind and solar development company, has secured a €110m increase to its existing trade finance facility, taking the total amount to €200m. ABN AMRO led the recent deal, with a panel of international insurance companies acting as sureties, joining the existing €90m facility led by DNB and HSBC last year.
"Supporting our clients in the energy transition is at the heart of ABN AMRO’s strategy and as such we are delighted to be able to support Mainstream in achieving its strategic ambitions."
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Vincent Goedegebuure
Global Head of Client CoverageMainstream chief financial officer Mary Quaney said: “This global facility, the largest in Mainstream’s history, signals our ambitions and gives us the freedom to pursue opportunities without geographical restriction. In the first instance, it will help us to fund our transformational Andes Renovables portfolio in Chile. This 1.3GW portfolio is ensuring renewable energy continues to outcompete both new and existing fossil-fired generation, delivering firm power across Chile.”