Genneia is the largest renewable energy producer in Argentina, operating 2,148 MW of gross installed capacity. The company focuses on utility-scale wind farms in Patagonia and solar plants in the northwest, while maintaining a secondary portfolio of thermal peaking units. Genneia utilizes a develop-to-own and operate model, acting as an independent power producer that maintains permanent ownership of its generation assets. Genneia earns revenue through long-term, USD-denominated power purchase agreements (PPAs) with the national wholesale market administrator, CAMMESA, and private industrial customers via the MATER framework. Contracted agreements account for nearly all revenue, which Genneia derives from electricity dispatch for renewables and capacity availability payments for thermal plants. Genneia focuses its growth strategy on expanding its 5.6 GW project pipeline, investing in battery energy storage systems (BESS), and securing transmission interconnection capacity to unlock new development nodes. The company also pursues new demand from sectors like mining and data centers while diversifying its business through a minority stake in Transener, Argentina’s primary high-voltage transmission provider.
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