September 20 (Renewables Now) - Argentine power utility Energia Provincial Sociedad del Estado (EPSE), owned by the San Juan provincial government, is preparing for the construction of the 57-MWp La Travesia solar photovoltaic (PV) park that will come with 4 MW of storage.
EPSE said it had made progress in obtaining a soft loan from the Inter-American Development Bank (IDB) for the USD-65-million (EUR 58.8m) investment. The plan is to expedite the financing and tender the project by the end of the year. In this scenario, construction would start in 2020.
The new park will be built on a 180-hectares plot of land within the Ullum solar complex near the La Travesia dry river in San Juan province. Construction will be carried out in two stages. The storage system and the 21-MWp portion of the park will be built in the first stage at a cost of USD 25 million. The remaining 36-MWp of capacity will be added in the second stage.
As a solar power plant with storage, La Travesia will be able to participate in auctions to sell its electricity.
(USD 1.0 = EUR 0.905)