YPF to invest US$200mn in 100 MW wind farm in Argentina
YPF, Argentina's state-owned oil company, has plans to carry out an investment of US$200 million in a 100 MW wind farm project near Comodoro Rivadavia, Argentina.
According to sources, YPF has already approved an initial investment of US$107 million for the first 50 MW phase of the project. The Inter-American Development Bank (IDB) is expected to contribute to finance the project.
The project is scheduled to be built in two phases. Stage one and two are scheduled for completion in 2017 and 2018 respectively. Wind technology company Vestas would provide the turbines necessary to build the project.
This project is part of Argentina's goal of 20% of renewable energy capacity by 2025. The country is expected to launch a tender process for renewable energy during this month.
Country news
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