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Genneia eyes local market for funds

Genneia eyes local market for funds

April 13, 2022 | Charles Newbery
Argentine power company plans to invest $200 mln to build wind and solar power projects

Corporate & Sovereign Strategy Debt Bonds Fixed Income Loans Capital Markets Electricity Wind Solar Argentina

Argentine power company Genneia plans to raise financing and dig into its own cash reserves to fund a $200 million project to build two new renewable power plants in the country, a company source said on Tuesday. "There are options for financing," the source said. The alternatives include selling bonds in the local market or borrowing from banks, the source said, adding that the company can use its own resources for the project regardless. On Monday, Genneia received authorization to build the 6

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