Argentina's Genneia announces 163.5 MW of wind, solar projects at home

The Madryn wind park in Argentina. Source: Genneia

April 13 (Renewables Now) - Argentine power producer Genneia SA said on Monday that it will invest USD 200 million (EUR 184.6m) in two new projects to add 163.5 MW of wind and solar capacity to its domestic clean energy portfolio.

The additional capacity will be divided between the 60-MW Tocota III solar farm, which Genneia will build in the province of San Juan, and the 103.5-MW La Elbita wind farm in Buenos Aires province.

The company said it had secured these projects in the latest MATER auction, Argentina’s power purchasing scheme that connects generators with large consumers that need to comply with renewable energy targets.

At present, Genneia operates 866 MW of wind and solar farms in Argentina. With the 80-MW Sierras de Ullum solar farm it is currently building in San Juan, and the two new projects, Genneia stands to become the first company in the country to have more than 1 GW of installed renewable energy capacity, it said.

Over the past five years, Genneia invested some USD 1.2 billion in renewables, the company added.

(USD 1.0 = EUR 0.923)

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Sladjana has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry. She is the person to seek if you need information about Latin American renewables and the Spanish market.

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