(Alliance News) - Intesa Sanpaolo Spa announced Wednesday that it has taken part with a pool of international banks in financing USD315 million for Mytilineos to build four solar parks in Chile.

Mytilineos is a Greek company involved in the construction and development of renewable energy projects.

As the company explains in a note, the construction of the four projects, with a total capacity of 588 MW, will allow for the production of about 1.6 terrawatt-hours of clean energy per year, with a reduction of more than 600,000 tons of carbon dioxide emissions.

The four photovoltaic parks are Willka, Doña Antonia, Tocopilla and Tamarico.

Intesa Sanpaolo trades in the green by 0.5 percent at EUR3.36 per share.

By Claudia Cavaliere, Alliance News reporter

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