September 12 (Renewables Now) - The Overseas Private Investment Corporation (OPIC), the US government’s development finance institution, has approved a little over USD 238 million (EUR 216.7m) in financing to support the construction and operation of two wind farms in Argentina.
The OPIC board allocated USD 115.5 million for the 100-MW Energetica wind project located near the town of Tres Pico in the Buenos Aires province. The US agency said it was providing these funds to help address power supply shortages and to support the expansion of Argentina’s renewables fleet.
The sum of USD 122.6 million was approved for the 100.5-MW Vientos Neuquinos wind farm project near Bajada Colorada in Neuquen province.
AES Argentina, the local unit of US power company AES Corp (NYSE:AES), is the developer behind both wind projects.
(USD 1.0 = EUR 0.91)