CAF, the Latin American Development Bank, will support Emgasud - the company that jointly owns the Puerto Madryn wind projects with Ivanissevich - by selling carbon credits relating to their output.

BICE, Argentina's state-owned development bank, will finance Ivanissevich’s PV projects to the tune of $19m.

This marks the first time BICE has financed a renewables project, for which it has a fund of $100m with terms of up to 10 years.

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