The Inter-American Development Bank (IDB) and Germany’s development bank KfW IPEX-Bank approved a $108m, 15-year loan to Argentina petrochemical group Petroquímica Comodoro Rivadavia (PCR) for the construction of a 125MW wind farm.
The IDB, through its private sector arm IDB Invest, will loan $50m and the German bank will advance a $58m tranche, backed by Denmark’s export credit agency EKF.
