Argentina's YPF Luz problems eco-friendly bond to fund 100-MW solar project

• Argentine power manufacturer YPF Luz has actually issued environment-friendly bonds worth USD 63.9 million (EUR 56.4 m) to fund the building of its first solar project in the house, the business stated on Wednesday.

The dollar-linked notes birth a voucher of 5% as well as mature in ten years.

The profits from the company's maiden green issuance will certainly be utilized to money the Zonda solar project, which in the very first phase will certainly have 100 MW of capacity. The plant could eventually be broadened to 300 MW, YPF Luz said.

The first phase will call for a financial investment of USD 93 million.

The Zonda solar farm will certainly occupy a 300-hectare (741.3 acres) location located in Bella Vista, San Juan district.

As soon as up and running, the plant will certainly can generating adequate power to meet consumption demands of some 70,000 residences. YPF Luz will sell Zonda's result to big commercial customers under the Argentine purchase device MATER.