Noticias

November 26, 2019.
Vientos La Genoveva I, a subsidiary of Central Puerto, received US$ 76 million on November 22, the full disbursement of the financing agreed with the International Finance Corporation (IFC), a member of the World Bank, for the construction of the La Genoveva I project, a wind farm awarded in Round 2 of the RenovAr program.

The 88 MW La Genoveva I project, sponsored by Central Puerto SA, is located near Bahía Blanca, in the southern part of the province of Buenos Aires and is expected to come online in May 2020. Once completed, La Genoveva I will inject approximately 390 Gigawatt-hours of electricity per year into Argentina’s power grid, contributing to the Government of Argentina’s goal of achieving 20% ​​of its total generation from renewable sources by the year. 2025.

“Central Puerto is engaged in an effort to add significant renewable energy capacity, both through the RenovAr and MATER programs, in line with the objective of diversifying the country’s energy generation matrix,” said Fernando Bonnet, CFO of Central Puerto.

“Under the RenovAr and MATER schemes, the company has already added 205 MW to its installed capacity and is developing an additional 180 MW of wind and solar photovoltaic projects. Central Puerto is pleased to have IFC, even in this challenging time, as a reliable financial partner in the development of several of these projects.”