Proparco and FMO have signed this morning a USD 80m loan (USD 40m each) to Banco Supervielle. This credit line will be fully earmarked to finance local SMEs which need long-term resources to support their growth.

In 2019, PROPARCO allocated a USD 50m loan to the French company NEOEN for the implementation of the Altiplano 200 photovoltaic project, located at an altitude of 4,000 meters in Argentina. For this operation, PROPARCO also assisted the developer and builder with the management of the environmental and social (E&S) risks.

FMO, FinDev Canada, and Proparco, the Dutch, Canadian, and French development finance institutions, announced the signing of a USD 100 million syndicated facility to its longstanding customer Genneia S.A, Argentina’s largest wind and solar power producer. Acting as lead arranger and facility agent, FMO contributed a total of USD 30 million as lender to this facility. FinDev Canada, Canada’s bilateral Development Finance Institution, and Proparco, a subsidiary of the Agence Française de Développement Group (AFD Group), contributed as lenders to this transaction with USD 40 million and USD 30 million, respectively. The funding will be used to finance the construction of two greenfield renewable energy projects: a 90 MW and 180MW photovoltaic solar plants.

Proparco has granted a $50 million loan to Neoen, the French solar and wind energy champion, for the construction of the 208MWp Altiplano 200 solar power plant in the province of Salta, in northwest Argentina.

This US$10 million investment, made alongside the ACON ALAOF IV fund and FMO, will improve access to biological therapies in some 30 emerging and developing countries.