Total Eren, a renewable energy Independent Power Producer (IPP) based in Paris, has announced the successful commissioning of the 97.2 MW Vientos Los Hércules wind farm in Santa Cruz Province, in southern Argentina.
Vientos Los Hércules is expected to will produce approximately 400 GWh per year, enough to meet the energy needs of about 110,000 households and reduce carbon dioxide emissions by more than 200,000 tonnes annually.
In December 2018, Mitsui & Co., Ltd. (Mitsui) has acquired a 34% stake in the project through MIT Argentina Generation Holding Ltd.,
a wholly-owned subsidiary of Mitsui.
Total Eren achieved Financial Close for the project from KfW IPEX (loan guaranteed by Euler Hermes), DEG, and FMO.
The electricity generated by Vientos Los Hércules is contracted through a USD-based 20-year Power Purchase Agreement (PPA) with CAMMESA, the Argentinian administrator of the wholesale electricity market.
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