This project represents the first renewable energy initiative in Argentina to combine privately financed transmission infrastructure fully integrated into the national grid, increasing resilience and competitiveness. The wind farm is expected to produce clean electricity equivalent to the annual consumption of about 230,000 households, contributing to an estimated reduction of 320,000 tonnes of CO2 emissions annually. Acindar will partially power its steel manufacturing operations with this renewable output, supporting industrial decarbonization efforts.
IFC structured a senior corporate loan of $110 million for Generación Eléctrica Argentina Renovable I S.A. (GEAR I), with $30 million disbursed directly by IFC and $80 million provided by development and commercial banks, featuring repayment terms ranging from seven to nine years. Beyond financing, IFC will provide technical advisory services to ensure adherence to international environmental and social standards, strengthening sustainability practices and risk management. PCR’s CEO, Martín Brandi, emphasized the project’s role in fostering infrastructure development, renewable energy generation, and local value chain growth, underpinning a sustainable long-term investment framework for Argentina.
This article was curated and published as part of our South American energy market coverage.
