Achiras Wind Power Project

in implementation

The Achiras Wind Power Project (the “Project”) consists of the construction, operation, and maintenance of a 47,25MW wind farm and related facilities, including a 132KV 16 km-long transmission line that will be located in the Rio Cuarto Department, in the southwest area of the Cordoba Province in Argentina. The Project total cost is estimated in US$81 million, to be financed with an IDB Group “A” Loan of approximately US$27 million. Such financing will be supplemented by an IFC “A” Loan, and the participation of a local bank for local content equipment financing, and capital contributions. The Project will have positive impacts on development, such as: (i) adding 47,25MW of renewable capacity to the Argentine grid in order to diversify the energy matrix that relies mostly on hydro and thermal power generation, and representing 20% of the total installed capacity goal of non-conventional renewable energy (NCRE) by 2025, and (ii) displacing around 100,000 equivalent tons of carbon emissions per year.