Genneia , a leading renewable energy generation company in Argentina , announced the successful placement of its Class L Local Green Negotiable Obligations (ONs) , for a total amount of USD 70 million , far exceeding the initial target of up to USD 30 million.
This transaction marks a new milestone in the company's financing strategy. The funds raised will be used to develop battery energy storage (BESS) projects within the framework of the AlmaGBA and AlmaSADI tenders.
With this initiative, Genneia seeks to store energy and supply it during peak demand times, helping to mitigate grid restrictions, reduce the risk of outages, and improve system stability and reliability.
The main characteristics of the Green ONs Class L:
- Denominated and payable in US dollars
- Fixed annual interest rate of 6.25% with semi-annual payments
- Term of 36 months
- Organizer and Placement Agent: Macro Securities
- Placement Agents: Banco de la Provincia de Buenos Aires, Banco Santander, Invertironline, Banco Supervielle, Balanz, BST, Banco Galicia, Banco Mariva, Banco
Patagonia, Petrini Valores, Banco Industrial, ONE618, Cucchiara, Bull Market, Banco de Valores, CMF, ALYNK, Adcap and Banco Ciudad.
Furthermore, these new debt instruments will be integrated into the Social, Green and Sustainable Bonds (SVS) panel of ByMA.
With this issuance, Genneia reaffirms its position as the largest issuer of green bonds in Argentina after reaching an accumulated volume of USD 1350 million in the local and international markets .
Furthermore, the company accounts for 23% of the country's installed renewable power , with 21% corresponding to the wind sector and 28% to the solar sector (figures as of September 2026).
By Florencia Guglielmetti
By Energía Estratégica
By Matías Medinilla
By Emilia Lardizabal
