August 5 (Renewables Now) - Canadian Solar Inc (NASDAQ:CSIQ) said Monday its 100.1-MWp Cafayate solar farm in Argentina became operational on July 19.
The Cafayate project is backed by a 20-year power purchase agreement (PPA) in US dollars, guaranteed by the World Bank. The PPA, priced at USD 56.28 (EUR 50.55) per MWh, was signed with Argentine wholesale power market administrator CAMMESA following the country's second renewables tender under the RenovAR programme.
The solar farm is located in the province of Salta. It is equipped with more than 289,000 high-efficiency modules made by Canadian Solar. The annual output is estimated at 216 GWh.
The solar module maker and power producer said that it had been awarded more than 1.6 GWp of solar projects in Argentina, Brazil, Mexico and Chile.
(USD 1.0 = EUR 0.9)