- Press Releases
May 24 (Renewables Now) - Three joint ventures (JVs) have submitted proposals in the tender to build a utility-scale solar farm in Argentina's Neuquen province, Neuquen's investment agency ADI NQN announced last week.
The JVs formed by CN SAPAG SA and Power China Ltd, Ingalfa SA with Intermepro SA, and IPE Neuquen SA alongside CIPSA, will compete to deliver the El Alamito solar project on a turnkey basis.
The project was developed by the Agency, which will also own it and pay for it with own resources, and will generate 1 MW in the first stage. The investment in El Alamito is estimated at USD 1.2 million (EUR 983,800).
The project is designed to allow an expansion of the plant to 6 MW and leaves room for a solar-charged station for electric vehicles to be connected later, the agency said.
El Alamito will be the first solar farm in Neuquen province. The 1-MW phase is expected to start operation before the end of 2021.
The plant's output will be sold under a power purchase agreement (PPA) to Neuquen's judicial branch.
In the next phase, when more panels are added, El Alamito's power will feed courthouses and the province's judicial complex, which is considered a large consumer of the wholesale electricity market due to its size. As such, it is required to meet at least 20% of consumption needs with renewables by 2025, ADI NQN added.
(USD 1.0 = EUR 0.82)