News
08 November 2018
IFC arranges funding for Daehan wind project in Jordan
In:
Renewable energy
Region:
Middle East & Africa
The IFC has arranged the funding for the 51MW Daehan wind farm being developed by Korean sponsors KOSPO and Daelim Energy.
IFC is providing a $10 million and as lead arranger has mobilised a $26 million loan from Managed Co-Lending Portfolio Programme, $27.7 million from the Standard Chartered Bank and $8 million from Korea’s Shinhan Bank.
The IFC also structured its first an equity bridge in project financing with a $26 million loan and will provide interest rate swaps for half the financing package.
