Bicentenario Wind Project

in implementation

The objective of the Project is the financing of the construction, operation and maintenance a wind farm of approximately 100 MW and its associated facilities. The Project connects to the 132 kV electric power transmission line “Petroquímica-Puerto Deseado” which runs right next to the Project. As part of the interconnection works, the 500 kV Santa Cruz Norte substation will be boosted with a new 150 MVA 500 kV/132 kV transformer. The total project cost is approximately US$ 150-155 million (including VAT & interest during construction) and will be financed on a corporate basis. The financial plan for the project will include an A loan of up to US$ 60 million with a 10 year tenor, and a Co-loan from an ECA for the rest of the financing. The loan will also include a grace period of six (6) months after the commercial operation date of the Project. The project will contribute to the development of renewable energy in Argentina by contributing to the diversification of its energy matrix. The first phase of the project will add at least 100 MW of renewable capacity to the national grid thus decreasing fossil fuel generation reliance; and by displacing approximately 213,733 equivalent tons of carbon dioxide emissions per year.