Conduit Capital and CAF Invest in 40 Megawatt Peruvian Solar Project (Latin America)
Source: Conduit Capital Partners
Conduit Capital Partners, a private equity firm focused on the power industry in Latin America, and the Corporación Andina de Fomento (CAF), a Latin American multilateral development bank, have invested in the Tacna and Panamericana solar projects in southern Peru. Together, the projects total 40 megawatts. The transaction marks Conduit’s first investment in solar power, and is expected to be the first portfolio investment from the firm’s Latin Power IV fund. Together, Conduit and CAF acquired an 81 percent stake in the two projects, which have a total project cost of approximately US$210 million. Financial details of the deal were not disclosed.