IIC backs Argentine wind farms

IIC backs Argentine wind farms

Argentina Loans Project & Infrastructure Finance Bonds

The Inter-American Investment Corporation (IIC) could provide financing for three wind farms from the RenovAr renewable energy plan in Argentina, LatinFinance has heard.IIC, part of the Inter-American Development Bank (IDB), has received a mandate from local power company Central Puerto to arrange approximately $130m in funding for the 99 MW La Castellana wind farm, structured as either a co-financing arrangement or an A/B loan. The multilateral lender could provide up to $50m of its own money t

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