The tender will be held tomorrow at the local market, in pesos and dollars, maturing in 6 and 12 months
_____
Genneia, the leader in renewable energy generation in Argentina, offers the market a new issue of bonds in pesos and dollars, to be auctioned on Thursday 21 May an amount equivalent to 10 million, together expandable up to US $ 30 million. Funds from this issuance will be used to refinance short-term liabilities and working capital.
The operation is organized by Banco Macro and financial services firms Macro Securities, Balanz, BACS and Bridge. "We believe that the characteristics of our contracts PPAs, corresponding to 75% of renewables in dollars and have a set of guarantees as a backup (FODER, Sovereign Guarantees Guarantee the World Bank), ensure future cash flow stable for the company "stands Bernardo Andrews, CFO of Genneia.
In the past two years, Genneia managed to expand by more than 500 MW its renewable capacity with the launch of its wind farms Madryn Chubut Norte (in the province of Chubut), Villalonga and Necochea (Buenos Aires), Pomona (in Black river) and its solar park Ullum (in San Juan). To do this he had a strong support of its shareholders who invested more than $ 220 million between 2015 and 2018.
About Genneia
Genneia is a leader in providing sustainable energy solutions, which exceeds the horizon of the 1,200 MW power generation in Argentina. It owns more than 35% of installed capacity in wind energy, making it the number one in the sector. The company has a superior power to 610 MW of wind power with wind farms Rawson, Trelew, Madryn, Chubut Norte, Villalonga, Pomona, Necochea; and reaches 700 MW of renewable energy, considering its solar park Ullum (82 MW) located in the province of San Juan. In addition, wind projects Chubut Norte III (57 MW) and North Chubut IV (83 MW) are under construction in conjunction with the company PAE; and Chubut Norte II (26 MW) project destined for the Term Market Renewable Energy, ie, bound for private clients. Genneia also owns and operates six thermal generators (573 MW).