KfW IPEX-Bank has announced that it has successfully structured senior debt financing of US$108 million for the 126 MW Bicentinario wind farm in Santa Cruz, Argentina, in partnership with IDB Invest, the private sector-focussed arm of the Inter-American Development Bank (IDB).
The project sponsor is the Argentine company Petroquímica Comodoro Rivadavia S.A. The project has a long-term power purchase agreement (PPA) with Compañía Administradora del Mercado Mayorista Eléctrico Sociedad Anónima for 100 MW. The remaining 26 MW will be sold under a corporate PPA.
KfW IPEX-Bank is providing a tranche of approximately US$58 million backed by Denmark's export credit agency EKF. IDB Invest is contributing US$50 million to the project.
The financing supports the export of technology and know-how from Europe as Denmark-based Vestas Wind Systems A/S won the contract to supply 35 turbines of the type V117 with an individual capacity of 3.6 MW.
Country updates
-
-
October 31, 2018
Fluence wins EUR-1.7m waste-to-energy order in Argentina
Fluence Corporation Ltd has been awarded a €1.7 million(USD1.92823 m) contract for a waste-to-energy system for its customer ArreBeef Energia S.A., a prominent beef processor in Buenos...
Read more -
October 25, 2018
1.7 MW solar project inaugurated in Argentina
A new solar park has been inaugurated in San Juan province, north-east Argentina. The Las Lomitas park, which has 13.9% of national industry components, required an investment of US$2.1 million a...
Read more -
October 19, 2018
Argentina signs 300 MW of RenovAr solar power contracts
The Latin American companies of Energy and Summer Capital signed Power Purchase Agreement contract next to authorities of CAMMESA. The international Latin American energy company signed contracts for...
Read more -
October 17, 2018
Aluar begins construction of second stage and secures financing for third stage of Llano wind project
The construction of the second phase of the El Llano wind farm has begun, with the transporting of 17 turbines from the Almirante Storni wharf in Puerto Madryn to the project site in Chubut...
Read more -
October 17, 2018
YPF LUZ inaugurates first stage of 99 MW wind project in Argentina
YPF LUZ has announced that it has inaugurated the 50 MW first stage of the Manantiales Behr wind farm, located in the city of Comodoro Rivadavia, Chubut province, southern Argentina. Wh...
Read more
