DEG and FinDev Canada invest in MSU Green Energy's Green Bond to support renewable energy expansion
Germany, Aug. 17 -- DEG and FinDev Canada are each investing USD 50 million in a green bond issued by MSU Green Energy, a leading renewable energy platform in Argentina. Together with other investors, DEG and FinDev Canada participated in a USD 130 million tap issuance of the green bond, increasing its total size from USD 400 million to USD 530 million.MSU Green Energy develops and operates hydroelectric and solar power plants as well as battery storage systems. With an installed capacity of approximately 1.7 GW, the company is one of the largest renewable energy producers in Argentina. The funds will be used, among other things, to build new solar capacity with an output of 182 MW and battery storage systems with a capacity of 150 MW. In a...
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