Total Eren has closed the US$138 million financing for its 50.4 MW Malaspina wind project located in Chubut province in southern Argentina.
The US$40 million financing package is provided by Dutch development bank (FMO) while the remaining US$64 million is granted by Germany’s KfW IPEX-Bank. Euler Hermes covers the 95% of the German lender’s share.
The Malaspina wind project will be equipped with 14 Senvion wind turbines of the 3.6M114 model. The project has a 20-year power purchase agreement with Compañía Administradora del Mercado Mayorista Eléctrico (CAMMESA).
Country updates
-
-
February 14, 2019
First phase of 164 MW wind project in Argentina completed
The 50.4 MW first phase of the 164 MW wind project in Argentina has been commissioned. Construction works are managed by Infra SA while Vestas supplied 14 wind turbines of 3.6 MW unit power. T...
Read more -
February 07, 2019
FRESA's 40 MW biomass project nears completion
The 40 MW biomass project developed by Fuentes Renovables de Energia SA (FRESA) in the province of Corrientes in Argentina is nearing completion. The USD60 million project features&nb...
Read more -
January 31, 2019
Canadian Solar secured financing for its 100 MWp Cafayate solar project
Canadian Solar has closed a US$50 million non-recourse loan financing for its 100.1 MW Cafayate solar photovoltaic plant in Argentina. The project financing was arranged by the D...
Read more -
January 18, 2019
28 MW wind project in Argentina starts commercial operation
The 28.35 MW Chubut Norte I Wind Farm located in the town of Puerto Madryn, has been inaugurated. The wind park was awarded by the Secretary of Energy through the RenovAr 1 Program. It has 8 wind tur...
Read more -
January 08, 2019
Tender launched for Portezuelo del viento hydropower PPP project in Mendoza
The Government of Argentina through the Ministry of the Interior, Public Works and Housing has launched tender for the development of the 210 MW Portezuelo del viento hydropower project. The fa...
Read more
