Genneia has secured a US$51 million loan financing for the construction of its 38 MW Necochea I wind project.
The financing was arranged by Dutch development bank FMO and Japanese lender SMBC. FMO provided the financing with the support from credit agency EKF for a 15-year loan. The two part loan includes a covered tranche and an uncovered tranche that starts five years after the start of the commercial operation of the project.
Located in Buenos Aires, the project involves the development of a 38 MW wind farm which is comprised of 11 turbines.
Country updates
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August 22, 2019
YPF Luz to supply Holcim with 30 MW capacity from Los Teros wind facility
Holcim has signed a contract with YPF Luz to replace 35 per cent of its conventionally-sourced energy with wind power. This translates to 142 Gwh per annum of demand, which YPF Luz will supply from it...
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August 16, 2019
Equinor co-invest with YPF Luz for the development of the 120 MW Cañadón León wind farm in Argentina
Equinor and YPF Luz have entered an agreement where a subsidiary of Equinor will subscribe to shares in Luz del León. Luz del León is the company in charge of the 120 MW Ca...
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August 12, 2019
Canadian Solar starts the commercial operation of 100.1 MW Cafayate solar PV farm in Argentina
Canadian Solar Inc has announced that its 100.1-MWp Cafayate solar farm located in the province of Salta, Argentina, became operational on July 19. The solar farm consists of more than 289...
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July 31, 2019
BICE, Banco Galicia provide US$7.5m financing for 8 MW biomass project in Chaco
The Argentine development bank BICE and Banco Galicia have agreed to provide US$7.5 million financing for the 8 MW biomass project developed by Seismega SA, a unit of Unitan SAICA. Th...
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July 24, 2019
BICE, Santander to co-finance 151 MW Puerto Madryn II wind project in Argentina
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...
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