Neoen commissions 208 MW Solar project in Argentina

Neoen has announced the commissioning of its Altiplano 208 MWp solar project located in the Salta province of Argentina stands 4,000 meters above sea level.

The Altiplano solar project is expected to generate about 650,000 MWh of green electricity per year, equivalent to the annual electricity consumption of 215,000 people. The project was formed through the merger of the La Puna (107 MWp) and Altiplano (101 MWp) projects awarded to Neoen in the RenovAr 1 and RenovAr 2 competitive tenders and is covered by a guarantee from the World Bank.

The plant was built under a turnkey contract by a Franco-Spanish consortium formed by GenSun and TSK, including significant French and Argentinian industrial content. The construction generated over 450 direct and indirect jobs, the majority of which were taken up by people from the region’s indigenous communities. Financing of the plant was provided by Proparco, DEG, ICCF, Société Générale, and KfW, the latter two with a buyer's credit guarantee from BPIAE, in the form of non-recourse senior debt of US$211 million.