Q3 2019

LATINAMERICANEWS / Q3 2019 5 NEWS , EdgeConneX ® , the pioneer in edge data center® development, announces that its newest facility in Buenos Aires, Argentina, is open and available for customers. As the only carrier- neutral edge data center in Buenos Aires and driven by robust global customer demand, the facility provides cloud, content, network, and other service providers with a high-quality, N+1 data center facility that can scale to 10 MWs, with anticipated investments approaching $US 50 million. This investment in the Argentine market will support the global expansion plans of both current and prospective EdgeConneX customers aiming to serve the region with a local solution. As a result, global service providers and local organizations throughout the region will gain access to scalable data capacity with low-latency connectivity, critical content delivery solutions, and advanced cloud services previously unavailable in this region. Located in Parque Industrial Pilar, one of the largest industrial districts in South America, the newest EdgeConneX data center facilitates interconnection between multiple networks and other service provider customers. By supporting and providing local connectivity, peering, and internet exchange solutions from leading network providers including Metrotel, Silica Networks, CenturyLink, and others, the EdgeConneX facility will serve as a key connectivity and technology hub that helps enable the digital transformation initiatives advocated by the Argentine government and draw further investment from global service providers looking for a local carrier-neutral data center. With strong support and encouragement from the Argentina Investment and Trade Promotion Agency (AAICI) and the Municipality of Pilar, the EdgeConneX Buenos Aires data center was completed in under eight months. This unprecedented rapid deployment brings into operation a digital technology hub where the world’s leading technology companies and local technology start-ups can interconnect and grow new digital ecosystems. EdgeConneX Officially Opens its Buenos Aires Edge Data Center Closing The Chapter Arroyo and Natixis close PMGD financing of solar PV projects in Chile. EdgeConneX newest data center will support burgeoning demand fromglobal cloud, content, and network service providers establishing a local presence in the rapidly growing Argentine market. ARCO 3 SpA (“ARCO”) and Natixis have successfully closed senior facilities totaling US$69.1 million for the up-to-70MW portfolio of solar PV plants in Chile (the “ARCO Solar PMGD Portfolio”). ARCO is wholly-owned by affiliates of Arroyo Energy Investors, an investor in energy projects throughout the Americas. This marks the first PMGD loan portfolio term financing arranged by Natixis, and one of the first ones in the international project finance market. The ARCO Solar PMGD Portfolio will consist of assets operating under Chile’s special regime for distributed generation projects (the “PMGD” regime). PMGD projects are entitled to be remunerated for their generation at a regulated stabilized price. The proceeds of the transaction are being used to finance solar PV projects. The financing structure provides ARCO with the flexibility to add additional solar PV PMGD projects to the portfolio, subject to meeting defined eligibility criteria. Natixis acted as Sole Lead Arranger, Hedge Provider, and Administrative Agent and Natixis provided a firm underwriting for 100% of the transaction. The PMGD regime was created in 2005 with the goal of facilitating access to small distributed generation with units of up to 9 MW. ARCO and Natixis are of the view that PMGDs based on renewable energy provide fundamental value to the Chilean electricity system, and both continue to play an active role in the PMGD space. The core benefits to Chile of the projects under the PMGD regime include: 1. Enhancing the electricity grid’s efficiency by enabling the distribution of energy close to residential demand centers, in many cases small towns; 2. Contributing to the decarbonization of the Chilean energy mix; 3. Increasing the number of players and therefore the competitiveness of the energy sector; and 4. Contributing to economic growth of various small towns by hiring local services and suppliers during construction and operation of these plants. 5. Through ARCO, Arroyo has an increasingly strong presence in the Chilean electricity market. In addition to its ARCO Solar PMGD portfolio, ARCO wholly owns the 115 MW Arrayán wind project and the 104 MW Conejo solar project, and a 22 MW wind PMGD portfolio.