Genneia secures loan from KfW

Genneia secures loan from KfW

Loans Project & Infrastructure Finance Argentina

Genneia has obtained a 15-year, $131m loan from KfW for the construction of the Chubut Norte III and IV wind farms, the Argentine company said.  The non-recourse loan granted by the German development bank is guaranteed by Euler Hermes.  Both projects secured 20-year power purchase agreements from Argentine wholesale power administrator CAMMESA in Renovar 2.  As of July, Genneia had a total installed capacity of 1,113MW in Argentina, including 498MW of renewable and 615MW of thermal power.  The

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial