Watson Farley & Williams (WFW) advised a syndicate of lenders comprising Kreditanstalt für Wiederaufbau and Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden, as well as KfW IPEX-Bank as arranger and agent, on the US$ 104 million financing of the Malaspina onshore wind farm project located in the southern Argentine province of Chubut.
The loan documentation was signed in December 2018, with the transaction closing in January 2019. The financing is partly covered by an ECA guarantee from German export lender Euler Hermes. The onshore wind farm project was developed and is indirectly owned by French renewable energy company Total Eren After completion, it will have a total capacity of 50.4MW and will consist of 14 wind turbine generators of 3.6MW each, supplied by Senvion.