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Argentine energy firm Genneia has signed a mortgage settlement to acquire as much as USD 85 million (EUR 80.3m) to finance the development of wind and photo voltaic tasks within the nation.
The funds shall be granted by Dutch growth financial institution FMO an Growth Finance Institute Canada (DFIC) Inc, Genneia stated in a bourse submitting.
The funds shall be used for the development, commissioning and upkeep of the La Elbita I and II wind farms totalling 162 MW and the 60-MW Tocota III photo voltaic farm.
Earlier in February, the corporate held a bond sale to boost funds for these tasks.
(USD 1.0 = EUR 0.945)
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