CLIMATE AND NATURE ACTION

• Contribute to Argentina’s transition to a low‑carbon economy: Genneia’s added 200 MW in installed solar and wind energy capacity is expected to (i) help displace the use of fossil fuels in the country, (ii) avoid estimated 322,000 tCO2e per year, equivalent to removing some 49,000 cars off the road annually, and (iii) contribute towards the national target to increase the share of Argentina’s renewable energy in the energy mix from 13% as of 2021 to 20% by 2025.

MARKET DEVELOPMENT

• Strengthening Argentina’s renewable energy supply: As a net energy importer with growing electricity demand, Argentina needs to strengthen its domestic energy generation to be able to reduce its dependence on costly energy imports. Genneia, through its renewable energy projects, supports just that. Moreover, the solar and wind energy from the projects will provide clean electricity to large local businesses at a predictable price, in turn supporting their local economic activities.

GENDER EQUALITY

• Promoting a gender‑responsive renewable energy sector in Argentina: Women represent 29% of employees in the Argentinian wind energy sector and 22% in the solar energy sector, although their participation in decision‑making and technical roles is limited. Genneia recognizes the opportunity and value of fostering a gender‑inclusive workplace to increase women’s representation across job roles. With a commitment to increase women’s representation in the workplace to at least 30% by 2027 and to implement a gender action plan to foster a gender‑inclusive workplace, this transaction qualifies to the 2X Challenge under the Employment criteria. Moreover, as the largest supplier of wind and solar energy in the country, Genneia as an employer could achieve a positive demonstration effect on women’s economic empowerment and gender‑inclusive work practices, thereby promoting the development of a more gender‑responsive renewable energy sector.