Minas Argentinas, part of the Canadian holding Aisa Group, led by Spanish entrepreneur Juan José Retamero, is launching its first capital market initiative to finance the construction of the Calicanto Solar Park in Argentina's San Luis province. The company has already invested $10.5 million into this ambitious project, which highlights the growing interest in renewable energy investments in the region.

The company plans to issue a Negotiable Obligation (ON) Class 1 on February 12, which aims to raise up to $12 million, potentially expanding to $22 million in future placements. This ON will be payable in U.S. dollars in Argentina and will feature a fixed nominal annual interest rate, showcasing Minas Argentinas' strategy to tap into local financial markets to support its development initiatives.

With the increasing global focus on renewable energy, this development signifies a positive trend in Argentina's energy sector, as companies like Minas Argentinas take bold steps to finance sustainable projects. The successful execution of the Calicanto Solar Park could pave the way for additional investments in clean energy infrastructure, further positioning Argentina as a player in the renewable energy landscape in Latin America.