Neoen Payments its 208 MWp Solar Park in Argentina

Oct 8, 2021 01:07 PM ET
  • Neoen, an independent producer of renewable energy specifically, has actually appointed its Altiplano 200 solar power plant-- a 208 MWp solar park located in the Salta district of Argentina.
  • Altiplano will be generating 650,000 MWh of green electricity each year, equivalent to the yearly electrical energy usage of 215,000 people, said Neon.

Neoen, an independent producer of renewable energy exclusively, has actually commissioned its Altiplano 200 solar power plant-- a 208 MWp solar park situated in the Salta province of Argentina.

Benefitting from a few of the world's ideal sunlight exposure, Altiplano will certainly be creating 650,000 MWh of solar powered electrical power per year, comparable to the yearly electrical energy intake of 215,000 people, stated Neon. The nuclear power plant is Argentina's 2nd biggest solar ranch. The electricity generated will be marketed to nationwide operator CAMMESA under a 20-year acquisition arrangement.

The solar park was created through the merging of the La Puna (107 MWp) and also Altiplano (101 MWp) projects granted to Neoen in the RenovAr 1 and also RenovAr 2 affordable tenders as well as is covered by an assurance from the World Bank. The plant was developed under a turnkey contract by a Franco-Spanish consortium formed by GenSun and TSK, consisting of significant French and Argentinian commercial web content. The building created over 450 straight as well as indirect tasks, the majority of which were used up by people from the area's indigenous areas.

Financing of the plant was offered by Proparco, DEG, ICCF, Société Générale and KfW, the last two with a purchaser's credit score warranty from BPIAE, in the form of a non-recourse elderly financial obligation of USD 211 million.

Emmanuel Pujol, Regional Director of Neoen for Americas, commented: "The commissioning of Altiplano 200 is a major milestone in Neoen's regional advancement. In a particularly challenging context and also in spite of a delay of a number of months, Neoen did well in carrying through the enthusiastic project and honour its dedications."

" Making use of the experience gained in addition to on the imagination as well as strength released by our groups to get over the challenges in our path, Neoen emerges all the stronger to continue our development in the Americas."

Xavier Barbaro, Chief Executive Officer of Neoen, ended: "We are really pleased to be appointing Altiplano 200 in Argentina. I would like to congratulate the Neoen teams associated with the growth and also completion of this facility project. I would certainly additionally such as to share my appreciation to our lending institutions, who enabled this exemplary project to proceed."

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