IFC supports landmark Wind Power and Transmission Project to boost clean energy supply, jobs, and private investment in Argentina
Argentina, March 9 -- The International Finance Corporation (IFC), a member of the World Bank Group, is providing financing to PCR (Petroquimica Comodoro Rivadavia S.A.) for the development and construction of the Olavarria Wind Farm in the Province of Buenos Aires, as well as investments to expand transmission capacity along the Bahia Blanca-Abasto high-voltage corridor, connecting a region with best-in-class wind resources to the country's largest demand center. The project is co-developed with Acindar Industria Argentina de Aceros S.A. (a company part of the ArcelorMittal group), Argentina's largest steel producer, which will source renewable energy from the project to support the decarbonization of its operations.The investment represen...
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