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(Incorporated in the Cayman Islands)
We are the leading renewable energy platform in Argentina. We run the country’s largest portfolio of wind and solar utility assets. We own and operate 2,128 megawatts of gross installed capacity – about 23 percent of Argentina’s wind and solar installed base as of April 2026, according to CAMMESA. Our installed capacity includes 1,765 MW from renewables (wind and wolar) and 363 MW from thermal generation.
In May 2026, the San Rafael and Lincoln solar projects achieved full commercial operation, adding 180 MW and 20 MW of installed capacity, respectively. In June 2026, the San Juan Sur solar project achieved full COD for 129 MW of installed capacity.
In May 2026, we were awarded a 13.2 percent indirect equity interest in Transener, Argentina’s principal high-voltage electricity transmission company, pursuant to a public tender process through which the Argentine government divested its equity interest in CITELEC, Transener’s controlling shareholder (the “Transener acquisition”). The acquisition was structured through Transmisión Eléctrica S.A., a special-purpose vehicle formed jointly with our consortium partner Edison Transmisión S.A. We believe this expected acquisition represents a strategically significant step that broadens our participation across the power value chain and reinforces our role in Argentina’s energy infrastructure.
GennOur business model is built on a disciplined “develop-to-own and operate” approach, leveraging in-house project origination, rigorous construction management, and advanced data-driven operations. Nearly all our revenues are generated under long-term, U.S. dollar-denominated power purchase agreements (“PPAs”), including contracts with CAMMESA (under the RenovAr program and Resolution 202/2016) and with C&I customers through the MATER framework.
As of the date of this prospectus, we have a pipeline of non-conventional renewable assets focused on wind and solar generation with existing transmission interconnection capacity, and also of battery energy storage systems (“BESS”). This portfolio includes 60 MW under construction (Junín and BESS Maschwitz projects), 175 MW ready to build, 2,491 MW in development, 1,273 MW in pre-development and 1,200 MW in prospection. We define non-conventional renewable assets as power generation assets that use the following natural resources to generate energy: solar, wind, biogas, biomass and small hydro (less than 50 MW).
Our mission is to deliver reliable, sustainable electricity to Argentina’s largest energy consumers by developing, constructing, and operating high-efficiency, low environmental impact assets. Since 2017, we have invested over U.S.$1.8 billion, adding more than 1.6 GW of new renewable capacity developed by Genneia. Our track record includes delivering projects on time and on budget, even during challenging macroeconomic cycles, supported by robust off-take agreements, strong relationships with global original equipment manufacturers (“OEMs”) and lenders, and a centralized Control and Operations Center (“CECO”) that enables predictive maintenance and real-time optimization.
Our History
Genneia traces its roots to Argentina’s energy sector liberalization, initially operating in gas trading, transportation, and thermal power. Incorporated in 1991 as Empresa de Gas del Sudeste (Emgasud S.A.), with the corporate objective to operate in the natural gas distribution business in Argentina. We entered the energy trading business in 2004 and thermal generation in 2007. We started wind measurements in several locations in Argentina in 2008, even when wind projects were not economically feasible in the country. In 2010, we became an early mover in wind power, developing Rawson I and II and Madryn wind farms, and by 2012, Rawson became Argentina’s largest wind farm at the time.
Policy inflection and renewable scale-up (2016 to 2021) – Following the 2015 enactment of Law 27,191 and the launch of the RenovAr program, Genneia pivoted to renewables, investing over U.S.$1.6 billion and adding more than 1,359 MW of wind and solar capacity, and securing long-term operations and maintenance (“O&M”) agreements with global OEMs. We commissioned flagship projects such as Madryn I and II, the Chubut Norte cluster, Pomona I, Villalonga I, and the Ullum solar complex. During this period, we also decommissioned 279 MW of thermal capacity, reinforcing our decarbonization strategy.
Private PPAs and portfolio maturation (2022 to date) – With the emergence of the MATER private market for large users, Genneia entered a new growth cycle focused on private PPAs and transmission interconnection capacity awards. We added solar (Sierras de Ullum, Tocota III, Malargüe I, Anchoris, San Rafael and San Juan Sur) and wind (La Elbita) projects, also including O&M agreements with global OEMs. Our approach emphasizes on-time, on-budget execution, conservative leverage, and a balanced mix of CAMMESA and private off-takers.
Note: Net income and revenues are in U.S. dollars (converted from the Argentine peso)
(Note: Genneia S.A. filed its F-1 for its IPO on July 1, 2026, without disclosing the terms. Estimated proceeds are $100 million, a placeholder figure.)
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