Argentina's YPF Luz inks solar PPA with Toyota Group firms

Author: EBRD / All rights reserved.

August 10 (Renewables Now) - Argentine power producer YPF Luz has secured corporate off-takers in two members of the Toyota Group for part of the production from its 100-MW Zonda solar farm in Argentina.

YPF Luz said on Tuesday it had signed a power purchase agreement (PPA) with Japanese car parts manufacturer Toyota Boshoku Argentina and textile company Sewtech Argentina, which makes seat covers, to deliver them 4,600 MWh per year for five years.

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The contracted output corresponds to 1.5 MW of the Zonda solar farm’s capacity, and 80% of Toyota Boshoku and Sewtech's electricity demand in Argentina, YPF Luz said.

Zonda is the first solar project for YPF Luz, following a string of wind farms. The solar plant is currently under construction, with an inauguration date set for early 2023.

The Zonda project is sited in Argentina’s San Juan province. YPF Luz plans to eventually raise the plant’s capacity to 300 MW in three 100-MW stages, the company said earlier this year.

Toyota Argentina has been YPF Luz’s PPA customer since 2018, when they signed a ten-year agreement for the supply of renewable energy to the car maker’s factory in Zarate, Buenos Aires.

At present, YPF is supplying 15.9 MW of wind power from its Manantiales Behr and Los Teros wind farms to Toyota.

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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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