Business

Genneia gets $31mn loan for the Chubut Norte II wind farm

The renewable energy company Genneia has pocketed $31 million as the first tranche of a $465 million corporate loan granted by the German Development Bank kfW. It will be destined for the Pomona II wind power plants that are already in operation and Chubut Norte II wind farm that is under construction and is estimated to be operational in September. It will have 6 wind turbines that will add an installed capacity of 27 MW, through which it will generate 117,000 MWh annually, and also for the sale of renewable energy to private companies. Genneia owns 4 projects in Argentina: Rawson III, Villalonga II, Pomona II and Chubut Norte II, with an installed capacity of 66.48 MW.

Source: REVE