Neoen brings online 208-MWp solar complex in Argentina

Solar panels. Photo by: Neoen (www.neoen.com).

October 6 (Renewables Now) - France’s Neoen SA (EPA:NEOEN) said on Tuesday it has put on stream its 208-MWp Altiplano 200 solar photovoltaic (PV) park in Argentina’s Salta province, the second largest of its kind in the country.

The solar complex consists of two sites -- the 107-MWp La Puna and the 101-MWp Altiplano, which are expected to have a combined power output of about 650,000 MWh annually. The produced electricity will be enough to cover the consumption of around 215,000 people per year.

The output of the PV complex will be sold to domestic grid operator Cammesa under a 20-year power purchase agreement (PPA).

The French renewable power producer won the two schemes in Argentina’s RenovAr 1 and RenovAr 2 auctions. A consortium formed by GenSun and TSK was in charge of installing the capacity.

Neoen used debt financing from Proparco, Germany’s Deutsche Investitions- und Entwicklungsgesellschaft (DEG), The Interact Climate Change Facility (ICCF), Societe Generale and KfW to execute the project. The scheme is also covered by a USD-76-million (EUR 65.6m) guarantee from the World Bank.

(USD 1.0 = EUR 0.863)

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Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

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