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Genneia snares loan for renewable power projects

Genneia snares loan for renewable power projects

February 23, 2023 | Charles Newbery
Argentine power company will borrow up to $85 mln from FMO and FinDev Canada

Loans Debt Energy ESG Renewable Green Finance Solar Wind Argentina Canada Netherlands

Argentine power generation company Genneia said it will take out a loan for up to $85 million from two international development banks to help finance the construction of two renewable energy power plants. The loan will be provided by the Dutch development bank FMO and Development Finance Institute Canada (FinDev Canada), according to a securities filing. Genneia said it will use the money to build the 60 MW Tocota III photovoltaic solar plant in the western province of San Juan and the 162 MW L

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