BICE and the local unit of Spain's Banco Santander have agreed to co-finance Puerto Madryn II wind farm in Argentina, the second stage of the 222 MW Parque Eolico Madryn (PEMAD) complex.
Being developed by Genneia SA, the 151 MW wind scheme will be financed through a syndicated loan of US$20 million. The two financial institutions will provide US$10 million each, with a potential to expand the total loan amount to US$70 million.
Country updates
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July 23, 2019
Genneia begins commercial operation at 100 MW Pomona I wind project in Argentina
The 100 MW Pomona I Wind Farm has received commercial authorization from CAMMESA to enter into operation. The project was awarded to Genneia in round 1.5 of the Renew program. Located northeast of th...
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July 18, 2019
Genneia secures project finance for 141 MW of wind project in Argentina
Genneia has signed to a long-term financing agreement for US$131 million for the construction of the North Chubut III & IV wind farms (141 MW) in Argentina. Both projects were awarded under RenovA...
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July 09, 2019
IFC grants US$76.1m financing for 86.6 MW La Genoveva I wind project in Bahia Blanca
The International Finance Corporation (IFC), a member of the World Bank Group, has granted a loan financing for the development of the 88 MW La Genoveva wind project in Argentina. The US$76.1 mi...
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July 08, 2019
Argentina commissions 14 MW Parque Solar Fotovoltaico ULLUM IV
Awarded during Round 1.5 of RenovAr, the Parque Solar Fotovoltaico ULLUM IV was built by the local company Sidersa SA and has 43,848 photovoltaic panels supplied by Hanwha Q Cells. The solar scheme,...
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July 02, 2019
Argentina inaugurates 120 MW Bicentenario wind project
The 120 MW Bicentennial Wind Farm has been inaugurated in the Santa Cruz province of Argentina and is currently the largest wind farm in the country. The wind complex 28 wind turbines, each with a ca...
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