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 RenovAr 2.0. Financing is provided at SPVs Vientos Patagónicos SA and Genneia Vientos Sudamericanos SA.
The financing involves a 15-year guaranteed non-recourse loan granted by KfW. The KfW loan is guaranteed by the German Export Credit Agency Euler Hermes.
Both projects are currently under construction near the city of Puerto Madryn in Chubut province. The wind projects feature 31 units of Nordex 4.5-MW wind turbines that supply power to more than 197,000 households.
Genneia scheduled completion of the wind parks in the second quarter of 2020.
Country updates
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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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June 18, 2019
Neoen secures FC for Altiplano 200 project
Neoen, France’s leading independent producer of renewable energy, and one of the fastest-growing worldwide has reached the financial closed for Altiplano 200, a 208 MWp solar farm located in the...
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June 03, 2019
37 MW wind project in Argentina begins commercial operation
Wind energy project developers, Grupo Frali SA, has inaugurated its 36.75 MW wind project located in La Pampa province. The company has invested US$58.8 million in the project's constru...
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