21 - 06 - 2018
The company, leader in Renewables in Argentina, has successfully closed a complex financing process, featuring:
The Project Finance is anchored on the strong support of EKF, the Danish ECA, which provided the majority of the Senior Debt.
The valuable commitment of FMO (Dutch development Bank) and CAF (Latin American Development Bank) in the form of long term uncovered loans, made this financial structure possible.
SMBC, the leading Japanese Bank, provided long term financing under an EKF covered facility and acted as a Global Coordinator in this important transaction.
Genneia is a leading company in the supply of sustainable energy solutions, based on the use of cutting-edge technologies in thermal equipment and a principal investor in renewable energy projects in Argentina. Owner and operator of 10 thermal generation plants (640 MW) and the Rawson wind farms (I, II and III), and Loma Blanca IV (51 MW).
In the RenovAr 1 and 1.5 tenders, Genneia was awarded with the Villalonga (50 MW), Chubut Norte (28.35 MW), Pomona (100 MW) and Necochea (38 MW) projects, while in RenovAr 2 it was awarded with two new wind projects: Chubut Norte III and IV, of 57.6 and 82.8 MW, respectively; and a biomass project, of 19 MW, in Tucumán. Genneia is also building its first solar project in Ullum, San Juan, of 82 MW.
In addition, Genneia has recently launched the works of the Madryn Wind Farm (220 MW), which will make Genneia the largest wind energy generating company in the country, totalizing 730 MW of wind generation.
Corporate Affairs & Sustainability Manager
Nicolás Repetto 3676, 3ª piso, Olivos -Buenos Aires- Argentina
: (+ 54 – 11) 6090 3235