GCPF Supports Renewable Energy Expansion in Argentina Through Financing to Genneia

Zurich, 04 September 2026 – The Global Climate Partnership Fund (GCPF), a climate-focused blended finance fund managed by Swiss impact asset manager responsAbility, has participated in a financing for Genneia, one of Argentina’s leading renewable energy companies, to support the development of four solar parks in the country. The transaction, completed alongside IDB Invest as Mandated Lead Arranger, BBVA and ILX, contributes to the mobilisation of private capital for renewable energy infrastructure in a market where access to long-term financing remains constrained.

The financing will support the development of four solar parks: San Juan Sur, San Rafael, Lincoln and Junín. Together, the projects are expected to expand renewable energy generation capacity in Argentina. As the country continues to diversify its energy mix, investments in renewable energy infrastructure play an important role in strengthening energy security and supporting long-term economic development.

Genneia is among the leading renewable energy companies in Argentina and has established a significant presence in the country’s renewable energy sector, with approximately 2.1 GW of installed capacity across wind and solar assets. The company develops, builds and operates renewable power generation projects and supplies electricity to the Commercial and Industrial sector through long-term power purchase agreements.

The transaction brings together international financing partners to support the continued expansion of solar energy generation in a market which continues to face a scarcity of private capital, as international investors remain highly constrained in taking exposure due to persistent macroeconomic volatility and foreign exchange risks.

Antonia Schaeli, Deputy Head of Climate Infrastructure Investments at responsAbility, said: “We are proud to partner with Genneia, one of Argentina’s leading renewable energy platforms. This financing will expand renewable generation capacity, helping meet growing electricity demand and diversify the country’s energy mix.”

Andrea Trejo, Investment Officer at responsAbility, said: “Genneia has established a strong position in Argentina’s renewable energy sector and a proven track record of developing and operating large-scale renewable energy projects. We are pleased to collaborate with IDB Invest, BBVA and ILX on this financing.”

The financing aligns with GCPF’s objective of supporting climate mitigation investments across emerging and developing markets. By financing renewable energy infrastructure and mobilising private capital alongside development finance institutions and commercial lenders, the transaction contributes to expanding access to climate-friendly energy solutions and supporting long-term economic development.

About Genneia

Genneia is one of Argentina’s leading renewable energy companies and a major developer, owner and operator of renewable energy assets. Through its investments in solar and wind power generation, the company contributes to the expansion of renewable energy infrastructure and supports Argentina’s energy transition.

About GCPF

GCPF is a Luxembourg-based fund managed by the Swiss asset manager responsAbility Investments AG. The Fund is a public-private partnership with the primary objective of mitigating climate change through a reduction of greenhouse gas emissions in developing markets. Every mitigation project that GPCF finances needs to reduce energy use or GHG emissions by at least 20%. In addition to mitigation, GCPF recently expanded into adaptation finance, and aims to support financial institutions in developing markets to become more resilient to climate risks and to finance adaptation projects in key sectors.

GCPF was established by the German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU), KfW Entwicklungsbank and the International Finance Corporation (IFC) in 2009. Junior catalytic capital is provided by Germany’s Federal Ministry for Economic Affairs and Energy (BMWK), the UK’s Department for Energy Security & Net Zero (DESNZ), and Denmark’s development cooperation (Danida). Other private and public investors include ASN Bank, Ärzteversorgung Westfalen-Lippe, FMO, OeEB, and EIB.

GCPF is classified as an Article 9 Fund under the European Sustainable Finance Disclosure Regulation (SFDR).

About responsAbility Investments AG

responsAbility is a leading Swiss impact asset manager with deep expertise in private markets investing across emerging markets. The company provides debt and equity financing to financial institutions, enterprises and mid-market funds, designed to generate measurable positive outcomes for people and planet alongside competitive financial returns. Impact and ESG are embedded throughout the investment process and supported by active engagement. As of 30 June 2026, responsAbility manages USD 6 billion in assets invested in around 70 countries and works with institutional, private and public sector investors to invest capital at scale.

Founded in 2003, responsAbility has deployed more than USD 18.2 billion in impact investments. Since 2022, responsAbility has been part of M&G Investments, a business of M&G plc, a global savings and investments group with asset management and insurance capabilities and a long-term institutional ownership base.