Argentina has approved taking out a loan for more than $1.9 billion to finance the construction of a 237 MW hydropower plant in northern Patagonia, a key for balancing fluctuating electricity output from wind and solar parks to meet future demand

 

Argentina lines up financing for hydropower project

October 26, 2021 | Charles Newbery

Credit Suisse and Santander grant a 20-year loan with a guarantee from Germany's Euler Hermes, Emhidro head says

Corporate & Sovereign Strategy Dams Project & Infrastructure Finance Electricity Hydro Wind Solar Loans

Argentina has approved taking out a loan for more than $1.9 billion to finance the construction of a 237 MW hydropower plant in northern Patagonia, a key for balancing fluctuating electricity output from wind and solar parks to meet future demand, people close to the project said on Monday. Santander and Credit Suisse have granted a 20-year loan to finance 85% of the Chihuido 1 project with guarantees from German credit insurance company Euler Hermes, said Elías Sapag, president of the Emprendim