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A US agency will finance $ 100 million in renewable projects • EconoJournal



Private Investments Abroad (OPIC, in English) This afternoon Argentina will sign an ambitious letter with Genneia Argentina's largest renewable energy companyto fund the financing of five solar and wind projects in the country. The North American authorities, who are directly informed by the President of the Government, Donald Trump, who will take part in the G20 summit in Buenos Aires the next hour in Buenos Aires, today will sign an agreement with the Managers of Genne at the Palace of San Martín, according to this government source.

OPIC aims to finance the consolidation of solar installations from Ullum 1,2 and 3, Genneia was awarded in the Round of Renovation for the 1st round, and Chubut Norte 3 and 4 large wind farms, given in Appendix 2 of the same program. These latest projects will be co-funded with German development organizations. For the first time, almost 10 years ago, OPIC has decided to finance the financing of Argentine production projects.

Ullum Complex has three solar parks with 80 megawatts (MW). It will require $ 80 million in investments. At the same time, Chubut Norte 3 and 4 projects will supply 140 MW systems with deviations of $ 200 million. "Among all the investments, this is calculated OPIC will finance more than $ 100 million"He said EconoJournal an official government aware of the operation.

OPIC is a US government agency. US companies invest in new markets. It was founded in 1971 and, in practice, offers tools for managing risks associated with foreign direct investment.

Genneia's intention is to sign the letter For a formal commitment to finance the budget. To this end, the OPIC will carry out a thorough analysis of projects in order to evaluate them according to technical and economic standards.


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