Polaris Infrastructure Inc. is a Canadian company specialized in the development and operation of renewable energy projects in Latin America.
The project involves refinancing the San Jacinto geothermal power plant in Nicaragua which had an initial capacity of 72 MW. The refinancing operation is combined with the construction of an additional 10 MW Binary Unit.
The refinancing of the project will support the renegotiation of the PPA (Project Partnership Agreement) signed in 2020. Polaris will also be able to continue to develop its renewable energy activity in Latin America. This project is classified “100% climate” and will avoid an average of 174,600 tCO2e a year throughout the lifespan of the power plant. It will also support 1,600 jobs over the next 5 years.
This information is given at the time of signature, without prejudice to any developments in the operation/project