Atome’s green fertiliser project in Paraguay has secured up to $100m (€86.1m) in total project financing from the International Finance Corporation (IFC).
The low-carbon fertiliser developer Atome said the board of IFC has approved their part of the total financing package for the $630m fertiliser plant at Villeta.
IFC joins EIB, IDB Invest, FMO and the Green Climate Fund as a participant in the Villeta Project’s debt finance package.
Atome is an AIM-listed company targeting green fertiliser production with 445MW of projects in Paraguay and a further pipeline of potential projects in Central America.
Olivier Mussat, CEO of Atome, said: “The IFC board’s approval of up to $100m of debt and equity financing for Villeta is another strong endorsement of the project’s maturity, bankability, and positive development impact.
“This is another important step towards finalising the $630m project funding as we remain focused on achieving final investment decision before the end of the year.”
To read the latest IPE Real Assets magazine click here.
