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Argentina: FMO, FINDEV and PROPARCO granted financing to Genneia S.A. for up to US$ 100,000,000 for the development and construction of two solar farms in the Province of Mendoza, Argentina

21 November 2024 by Bruchou & Funes de Rioja - Argentina

Nederlandse Financierings - Maatschappij voor Ontwikkelingslanden N.V. ("FMO"), Development Finance Institute Canada (DFIC) Inc. ("FINDEV") and Société de Promotion et de Participation pour la Coopération Économique S.A. (“PROPARCO”) granted financing to Genneia S.A. (“Genneia”), leading Argentine company specialized in providing sustainable energy solutions, for up to US$ 100,000,000 from for the development and construction of two solar farms located in Malargüe and Luján de Cuyo, Province of Mendoza, Argentina, with a total output of 270 MW of combined generation capacity (the “Secured Loan”).