Linklaters Advises Petroquímica Comodoro Rivadavia S.A. on IFC-Led Financing for Landmark Wind and Transmission Project in Argentina

Linklaters advised Petroquímica Comodoro Rivadavia S.A. on a US$140 million financing led by the International Finance Corporation, a member of the World Bank Group. The facility was extended to a dedicated affiliate of Generación Eléctrica Argentina Renovable I S.A. and guaranteed by PCR. The package comprises a US$110 million IFC-arranged loan and a US$30 million parallel loan from Development Finance Institute Canada Inc.

The proceeds will finance the development and construction of the Olavarría Wind Farm in the Province of Buenos Aires, as well as investments to expand transmission capacity along the Bahía Blanca–Abasto high-voltage corridor. The project is Argentina's first renewable energy generation initiative to incorporate privately-financed transmission infrastructure integrated into the Argentine Interconnection System. This project is expected to provide greater integration of renewable energy and expand the supply of low carbon electricity to industrial and commercial users.

The Linklaters team was led out of New York by Partner Emilio Minvielle, supported by Counsel Marcelo Arellano, Foreign Attorney Francisco Algorta, and Paralegal André Benicio. Tax support on the deal was provided by Partner Gabriel Grossman and Associates Bernard Yi and Flavio Amorim.

Linklaters’ lawyers have practiced in Latin America for decades and the firm was one of the first international firms to open an office in Brazil in 1997. With a growing team of Latin America-focused lawyers across the firm’s New York, Washington, D.C., and São Paulo offices, as well as the Mexico group, the firm continues to increase its presence in the region and deepen existing relationships with leading local law firms. Linklaters is highly ranked across key Latin America legal directories, including Chambers, Legal 500, and Latin Lawyer.