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.
