Neoen commissions 208 MW Solar project in Argentina
Neoen has announced the commissioning of its Altiplano 208 MWp solar project located in the Salta province of Argentina stands 4,000 meters above sea level.
The Altiplano solar project is expected to generate about 650,000 MWh of green electricity per year, equivalent to the annual electricity consumption of 215,000 people. The project was formed through the merger of the La Puna (107 MWp) and Altiplano (101 MWp) projects awarded to Neoen in the RenovAr 1 and RenovAr 2 competitive tenders and is covered by a guarantee from the World Bank.
The plant was built under a turnkey contract by a Franco-Spanish consortium formed by GenSun and TSK, including significant French and Argentinian industrial content. The construction generated over 450 direct and indirect jobs, the majority of which were taken up by people from the region’s indigenous communities. Financing of the plant was provided by Proparco, DEG, ICCF, Société Générale, and KfW, the latter two with a buyer's credit guarantee from BPIAE, in the form of non-recourse senior debt of US$211 million.
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July 11, 2018
Genneia secures for US$132 million for 78 MW wind projects in Argentina
Argentinian energy company Genneia has signed long-term credit agreements for US$132 million debt financing, which will support the construction of two wind farms: 50 MW Villalonga, to be located in the province of Buenos Aires, and 28 MW Chubut Norte I, located in Puerto Madryn, Chubut province.
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June 15, 2018
Grenergy closes financing for 24-MW wind project in Argentina
KfW IPEX-Bank has structured a complex non-recourse senior debt financing of a wind farm in South America which was recently brought to a successful close with the Spanish sponsor Grenergy Renovables.
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April 20, 2018
IDB finances 80 MW solar project in Argentina
The Inter-American Development Bank (IDB), through member organisation IDB Invest, has approved a financing package for the construction, operation and maintenance of Cordillera Solar I, an 80 MW solar photovoltaic power plant in the province of San Juan, in Argentina.
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March 23, 2018
World Bank to guarantee renewable projects in Argentina
The World Bank (WB) Board of Executive Directors has approved a new US$250 million guarantee for projects being developed under the Argentine Ministry of Energy and Mining’s RenovAr Program, via the Renewable Energy Fund (FODER, in Spanish).
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March 14, 2018
Argentina to tender 1 GW renewable projects later this year
Argentina's Minister of Energy, Juan José Aranguren, has reportedly disclosed that the Ministry will launch the third tender in its RenovAr programme in September or October this year. The tender will be similar in scope and format to that of Round 2, through which the Ministry awarded contracts for 1.4 GW renewable capacity in November 2017.
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