Grenergy Renovables SL announced that it has closed financing with Germany's KfW IPEX-Bank for the 24-MW Kosten wind project in Argentina. The financing involves a 15-year export credit, guaranteed by credit insurance firm Euler Hermes. The project, which is part of Argentina's RenovAr renewable energy auction programme and will sell its output under a 20-year power purchase agreement (PPA), will also benefit from a World Bank guarantee. The size of the financing was not specified.