The 208 MWp Altiplano 200 solar project, which Neoen won in Argentina’s RenovAr 1 and RenovAr 2 auctions, has achieved financial close.
The 107 MWp La Puna and the 101 MWp Altiplano make up the solar portfolio in Salta province. The overall investment needed for the project is estimated at US$234 million.
Proparco, Deutsche Investitions- und Entwicklungsgesellschaft (DEG), The Interact Climate Change Facility (ICCF), Societe Generale and KfW provide two tranches of non-recourse senior debt. A US$76 million guarantee also came from the World Bank, as well as a buyer credit guarantee from Bpifrance Assurance Export for the second financing tranche.
The facility will be constructed by a consortium formed by GenSun and TSK, using trackers, cables and high-voltage equipment from French manufacturers. Components will be supplied by local companies, as well.
A 20-year power purchase agreement was signed by CAMMESA.
Country updates
-
-
May 22, 2019
Argentina signs 13 MW biomass project as part of RenovAr 2 contracts
The Government of Argentina has signed the development contract of the13 MW Central Termica Kuera Santo Tome biomass project located in Corrientes. The project is the last project awarded in th...
Read more -
May 14, 2019
JinkoSolar commissions 80 MW solar PV project in Argentina
JinkoSolar Holding Co Ltd has commissioned the 80 MW Guanizuil 1 solar plant located in San Juan province, Argentina. The facility is part of Argentina's RenovAr 1.5 renewable energy auction. It has...
Read more -
April 15, 2019
Pampa Energia completes 53 MW Pampa Energi II wind project in Corti
Argetinian company, Pampa Energía S.A., has completed its 53 MW Pampa Energi II wind project located in Corti, about 20 km from Bahia Blanca City in Buenos Ares. The facility consists of...
Read more -
April 11, 2019
Nordex receives order for three wind projects in Argentina
The Nordex Group has received a major order from Argentina to supply turbines from its Delta4000 series to an overseas destination. The pooled project is Chubut Norte II, III & IV. Moreover, the G...
Read more -
March 29, 2019
Genneia commences operation of 54 MW wind project in Buenos Aires
Genneia has completed the construction phase and commences the operation of its 54 MW wind park located in Buenos Aires, Argentina. The US$82.3 million facility, consists of 16 Vestas wind...
Read more
