Argentine power company Genneia has signed a loan agreement to obtain up to USD 85 million (EUR 80.3m) to finance the construction of wind and solar projects in the country.
The funds will be granted by Dutch development bank FMO an Development Finance Institute Canada (DFIC) Inc, Genneia said in a bourse filing.
The funds will be used for the construction, commissioning and maintenance of the La Elbita I and II wind farms totalling 162 MW and the 60-MW Tocota III solar farm.
Earlier in February, the company held a bond sale to raise funds for these projects.
(USD 1.0 = EUR 0.945)
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