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 million financing package includes a US$46.1 million facility from IFC’s Managed Co-Lending Portfolio Program (MCPP), a syndication platform aimed at institutional investors.
The La Genoveva project is part of Argentina’s RenovAr renewable energy auction programme sponsored by local energy company Central Puerto SA. It is expected to be operational by May 2020.
Country updates
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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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May 24, 2019
La Puna and Altiplano solar projects achieve financial close
The 208 MWp Altiplano 200 solar project, which Neoen won in Argentina’s RenovAr 1 and RenovAr 2 auctions, has achieved financial close. The 107 MWp La Puna and the 101 MWp Altiplano make u...
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