Finnvera guarantees Wärtsilä's battery storage system deliveries for solar and wind power plants in United States and Chile

Guarantee Holder: Citibank Europe plc, UK Branch
Exporter: Wärtsilä Oyj subsidiaries
Lender: Citibank N.A., London Branch
Buyers: Enel S.p.A. owned subsidiaries located in Chile and in the USA
Borrower: Enel Chile S.A., Chile
Guarantor: Enel S.p.A., Italy
Export transaction/Goods: Battery storage systems (BESS) for solar and wind power plants
Country of Export transaction: Chile and the USA                 
Credit amount: MUSD 286
Risk period: 2+12 years
Percentage of cover: 95%
ES-risk classification: B
International standards applied in benchmarking: IFC Performance Standards
Contact point: [email protected]
Signing date of the Finnvera Guarantee Agreement: 29 May 2024
Date of publish: 31 May 2024