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Manantiales-Behr Wind Farm Project

 

NEWS FROM FASCINATING PROGRAMS & PROJECTS

Argentina’s largest wind farm project will contribute to reduce the carbon footprint and diversify the energy matrix in the country

22 December 2016 – Buenos Aires, Argentina and Washington, DC, USA – The Inter-American Development Bank (IDB) has announced that the Inter-American Investment Corporation (IIC), acting on behalf of the IDB, has granted a $200 million syndicated loan to YPF Energía Eléctrica S.A. in Argentina for the construction, operation and maintenance of the 100 MW Manantiales Behr wind farm and related facilities. The project includes a 20 km transmission line of 132 kV and is located about 40 km northeast of the city of Comodoro Rivadavia.

wind-turbine-3The project will contribute to the diversification of Argentina’s energy matrix and will avoid 245,311 tons of carbon dioxide equivalent per year, supporting the country’s goal of generating 30 percent of its energy from non-traditional renewable sources.

The IIC led the financial structuring of the project, which consists of a $100 million 9-year A loan and a $100 million 6-year B loan. The participating banks are BBVA, Banco Santander and Citibank.

The Inter-American Investment Corporation (IIC), a member of the Inter-American Development Bank (IDB) Group, is a multilateral development bank committed to supporting the private sector in Latin America and the Caribbean. The IIC finances sustainable enterprises and projects to achieve financial results that maximize social and environmental development for the region. With a current portfolio of $7 billion under management and 330 clients in 20 countries, the IIC works across sectors to provide innovative financial solutions and advisory services that meet the evolving demands of its clients. For more about IIC, visit http://www.iic.org/en. For more about IIC projects in Argentina, go to http://www.iic.org/en/countries/regional-developing/argentina-0

Established in 1959, the Inter-American Development Bank (IDB) is a source of multilateral financing for sustainable economic, social and institutional development programs and projects throughout Latin America and the Caribbean. More information about the IDB is at www.iadb.org. For more about IDB projects, visit http://www.iadb.org/en/projects/projects,1229.html.

Source: Inter-American Development Bank