August 15, 2019 |
Argentina's Central Puerto said it has signed a $37.5m loan with Banco Galicia to finance construction of La Genoveva II wind farm near Bahía Blanca in the province of Buenos Aires.
The seven-year loan priced at 595bp over Libor, and the renewable energy company received the money at the end of last month, Central Puerto said in its financial results for the second quarter.
La Genoveva II is under construction and scheduled to begin commercial operations in the third quarter of the year.
Argentine renewable energy company gets $37.5m from Banco Galicia for La Genoveva II