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GEASSA - Gastre Wind Farm

Sector: Commercial • Location: Argentina

Source: World Bank Group

Project
Active

Generadora Eolica Argentina del Sur (GEASSA) received the environment approval to build own and operate a 1,350 MW wind farm to be located in the region of Chubut, Argentina.

As of late 2012, the project was close to achieving a financing package arranged by the China Development Bank for USD 3.5 billion. Under the arrangement, Beijing turbine manufacturer Beijing contruction Engineering Group w

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The project “GEASSA - Gastre Wind Farm” is an infrastructure initiative in the Commercial sector, located in Argentina. Taiyo aggregates data on it from World Bank Group.

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Description

Description

Generadora Eolica Argentina del Sur (GEASSA) received the environment approval to build own and operate a 1,350 MW wind farm to be located in the region of Chubut, Argentina. As of late 2012, the project was close to achieving a financing package arranged by the China Development Bank for USD 3.5 billion. Under the arrangement, Beijing turbine manufacturer Beijing contruction Engineering Group would provide the turbines for the project. Project comissioning was expected for late 2014. Financial closure was achieved in June 2013, when the China Development Bank approved a US$ 261 million 12-year credit package for the initial phase of the 1350 MW Gastre wind complex (the first two 150 MW plants). http://washpost.bloomberg.com/Story?docId=1376-MDRB1C6TTDSJ01-0L9I0ARALRADT902JPFOL1UR1N

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High

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