July 19, 2019 |
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.
Argentine power company obtains 15-year loan to construct wind farms