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Genneia eyes new financing for renewables

Genneia eyes new financing for renewables

November 15, 2022 | Charles Newbery
Argentine power company will use cash as well to fund new projects, CFO says

Corporate & Sovereign Strategy Bonds Debt Loans International Financial Institutions Argentina Green Bonds Capital Markets Wind Solar Electricity

Argentine power generation company Genneia is considering raising new financing to build renewable energy plants after securing $51 million last week in the sale of green bonds, CFO Carlos Palazón said on Monday. "We continue analyzing growth opportunities in the renewable energy segment," he said on a conference call with investors. Palazón said this growth will be underpinned by both Genneia's $125 million in free cash flow and its "capability to raise competitive financing." He did not say wh

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