Spanish firm Generación Solar AR plans to undertake the developmet of a 145 MW photovoltaic project located in the Catamarca Province of Argentina.
The project, which has already achieved the environmental permits, holds an estimated investment of US$180 million.
The photovoltaic (PV) plant will be located in the department of Santa Mariaand and once completed, the site would require a staff of around 500 or 600 people, according to the company's spokesperson Alejandro Oliver. This project also includes a substation.
According to sources, Oliver said:
"About three years ago we began to look at Argentina, through a close friend we detected a site in Santa Maria and there we started with pre-feasibility studies. When we saw that there was legislation to penalize the large consumers who do not obtain energy through alternative energies with 8%, we decided to go forward with the project.”
Argentina has a great advantage, with Catamarca in particular. The province is recognized as the 'sun belt of the world’, which means that it is located in a part of the world where there is greater irradiation. It's optimal for the development of solar energy."
Latin American public and private sector leaders will address countries’ policies and strategies to engage investors and stimulate open discussions. 250 energy developers, financiers and public sector stakeholders are expected to attend the meeting from North America and countries across Latin America.
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