The Investec-managed Emerging Africa Infrastructure Fund is helping finance the $76m project with a capacity of 40MW, which will provide 4.8% of the country’s current generation capacity.
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The bid comes as the US buyout firm is looking to launch its third infrastructure vehicle with a $5bn target this year.
The IFC, which has stepped up its operations in the country since the 2016 election of President Mauricio Macri, is backing a $400m modernisation programme in Buenos Aires.
Bidders for the $800m scheme, which would run under parts of the capital region, include companies from Spain and China.
The 2MW battery will provide frequency-response services to the National Grid and DONG hinted similar systems could appear on some of its other offshore wind farms.
The deal will allow Ascenty, the country’s largest data centre provider, to expand into other Latin American markets.
The fund has boosted its presence in the wind sector to become one of the largest operators in the country, although its attempt to buy Alerion Clean Power continues to be delayed.
Located near Adelaide, the $222m facility will be able to ramp up its output quickly to respond to changes in renewable generation supply in South Australia.
Property firm Wheatley Group will provide 3,500 new homes in Scotland following backing by BlackRock’s real assets arm.
Commitments of $100m give the residential solar provider the capital to expand its US footprint, but data shows the market is softening.
The French firm eyes further deals in the country through a partnership with a local operator and a developer.
The state’s energy infrastructure programme will include a $112m investment in a new transmission line to unlock 2GW of renewable energy projects in the north.
The clean energy financier is more than doubling its commitment to a NAB programme providing discounted loans to buyers of clean energy equipment.
BlackRock will focus on deploying the remainder of First Reserve’s Fund II before eyeing the launch of a new vehicle next year.
Financed by an Assured Guaranty-wrapped bond, the transaction is the latest in a market expected to hit £5.3bn this year.