Private Investment Corporation Abroad (OPIC, its acronym in English) Today, in the afternoon, it will sign a letter of intent with the largest renewable energy company in Argentina, Genneiato finance the construction of five solar and wind projects in the country. The North American organization's bodies that directly report to the administration administered by the Presidency of Donald Trump and will arrive in Argentina in the coming hours to attend the G20 Summit in Buenos Aires, This week they will sign an agreement with the Jenny leaders at the San Martin Castle, only according to this government source.
OPIC aims to finance the installation of Ullum 1,2 and 3 solar farms, Granted to RenovAr 1.5. round and the large wind farms Chubut Norte 3 and 4, awarded in the second round of the same program. These latest projects will be co-funded by German development companies. For the first time in almost ten years, OPIC has decided to increase funding for production projects in Argentina.
Ullum Complex consists of three solar parks of 80 megawatts (MW), which will require an investment of nearly $ 80 million. In turn Chubut Norte 3 and 4 projects will contribute to the cost of the 140 MW system for around $ 200 million. "The total investment is estimated to be OPIC will finance more than $ 100 million", He said EconoJournal government official who is aware of the operation.
OPIC is the US Government Agency. which attracts US companies to invest in emerging markets. It was established in 1971 and provides, in practice, tools for managing the risks associated with direct foreign investment.
Signing in with Genneia is a notification a preliminary step towards an official financing commitment. To this end, OPIC will continue to analyze exhaustive projects in order to assess them in accordance with technical and economic standards.