Skip to main content

"Revolutionary Sustainable Investment: The Emergence of the Solidarity Financial Trust of Public Infrastructure NA-SA IV"



The Atucha plant site (Image: Nucleoelectrica Argentina)
A financial trust has been opened in Argentina to support sustainable investment in two nuclear energy projects. Investments made in the new Solidarity Financial Trust of Public Infrastructure NA-SA IV will go to enable the licence extension for Atucha I as well as the construction of a dry storage facility for used fuel.

The trust was opened on 24 January by Atucha's owner, Nucleoelectrica Argentina SA (NA-SA), with Nación Bursátil as well as Banco de la Provincia de Buenos Ares and Macro Securities. The financial firms will make placements for retail investors to invest Argentine pesos from a minimum of USD100 equivalent and receive a return of 2% per year.


NA-SA told World Nuclear News that the trust was set up for a total amount of USD600 million across six tenders. This would cover both the projects, which are estimated at USD463 million for the licence extension of Atucha II and USD137 million for the dry storage facility. NA-SA said that the



first tender of USD30 million was successfully raised in the first round.


The money will be held separately from NA-SA's finances, hence the term trust. The returns are backed by sales of electricity according to the remuneration contract between NA-SA and CAMMESA, the wholesale market management company, for electricity generated by NA-SA's three nuclear plants, Atucha I, Atucha II and Embalse which have total capacity of 1763 MWe.


NA-SA achieved accreditation for the trust as 'Sustainability Linked Bonds' from the Fix Scr ratings agency based on how it will achieve certain sustainability objectives.


José Luis Antúnez, president of Nucleoeléctrica Argentina, said the funding "allows us to advance in the development of strategic nuclear energy projects for the country that have a positive impact on national industrial growth and the country's contribution to the fight against climate change".

The Argentinian landscape has undergone a revolutionary shift with the emergence of a new financial trust, the Solidarity Financial Trust of Public Infrastructure NA-SA IV. This trust, established by Nucleoelectrica Argentina SA (NA-SA) in partnership with Nación Bursátil, Banco de la Provincia de Buenos Ares, and Macro Securities, aims to support sustainable investment in two nuclear energy projects, the Atucha I license extension and the construction of a dry storage facility for used fuel.


Investors have the opportunity to contribute Argentine pesos starting from a minimum of USD 100 and earn an annual return of 2%. The trust has been launched with a total fund of USD 600 million across six tenders, and the first round has already successfully raised USD 30 million. The money will be held in trust and the returns will be backed by sales of electricity generated by NA-SA's three nuclear plants.


NA-SA has been accredited by Fix Scr ratings agency as 'Sustainability Linked Bonds' due to its commitment to achieving certain sustainability objectives. José Luis Antúnez, the president of Nucleoeléctrica Argentina, stated that the funding "allows us to advance in the development of strategic nuclear energy projects for the country that have a positive impact on national industrial growth and the country's contribution to the fight against climate change".


This marks an exciting new era for the Argentinian energy sector and a significant step towards a sustainable future. Don't miss out on this opportunity to invest in a trust that promises to deliver not just financial returns, but also a positive impact on the environment.

Source: (worldnuclearnews)

#Argentina #NuclearEnergy #Financing

Comments

Post a Comment

Popular posts from this blog

Pertamina Geothermal Energy,GDC and AGIL to develop 200 MW Suswa ,Narok Geothermal Field

Pertamina Geothermal Energy, GDC, and AGIL Agree to Accelerate Development of 2 Geothermal Fields in Kenya By: Robert Buluma Nairobi, Kenya, March 8, 2024 – PT Pertamina Geothermal Energy Tbk (PGE) has reached an agreement with Kenya's geothermal development companies, Geothermal Development Company Ltd. (GDC), and Africa Geothermal International Ltd. (AGIL), to expedite the development of geothermal fields in the African nation. Exploration of two geothermal fields in Kenya, developed by PGE along with its partners, is expected to commence in 2024. In high-level discussions held at GDC's headquarters in Nairobi on Wednesday (3/6/2024), PGE and GDC discussed the support from the Kenyan government in accelerating the geothermal field development project in Suswa, a volcanic area located in Narok, Kenya. GDC is a government-owned geothermal developer in Kenya. The PGE delegation, led by President Director Julfi Hadi and accompanied by PGE's Director of Exploration and Develop
Post a Comment
Read more

Polands Geothermal Wells hits 5km depth Eyeing a 7Km Threshold

Geothermal Milestone Reached: Banska PGP-4 Well in Szaflary, Poland Hits 5-Kilometer Depth By : Robert Buluma In a significant development for geothermal energy enthusiasts, drilling operations at the Banska PGP-4 well in Szaflary, Poland have reached a depth of 5 kilometers, marking a major milestone in the project's progress towards its 7-kilometer target. Since its inception, the ambitious geothermal drilling project in Szaflary has been making steady strides. As of the end of 2023, the well has successfully reached a depth of 5000 meters, uncovering promising results along the way. Notably, the well has tapped into a sizable reservoir boasting temperatures of 120 °C. The drilling will persist until it reaches the targeted depth of 7000 meters, where another aquifer is anticipated. The entire drilling endeavor is slated for completion within the first quarter of 2024. Initiated in 2019, the plans to drill a 7-kilometer geothermal well in Podhale, Szaflary aimed at gathering cruc
Post a Comment
Read more

Eavor Goes Deeper in Geretesried In Search For Geothermal

Revolutionizing Energy Production: The Birth of Eavor Technology in Geretesried By: Robert Buluma In the picturesque town of Geretesried, nestled in the heart of Germany, a groundbreaking project is underway that promises to reshape the future of energy production as we know it. Welcome to the world of Eavor Technology – where innovation meets sustainability in a bid to tackle the pressing challenges of climate change and energy security. Imagine a technology that harnesses the Earth's natural heat to generate both electricity and warmth without emitting harmful greenhouse gases. Sounds like science fiction? Well, it's not. Thanks to the relentless efforts of visionaries and engineers, the world's first Eavor loop for heat and electricity is currently under construction right here in Geretesried. At the forefront of this remarkable endeavor is the ambitious drilling project that has reached an astonishing depth of 7000 meters beneath the Earth's surface. Achieving such
Post a Comment
Read more