YPF Luz unveils 100-MW solar farm in Argentina

• YPF Luz, power manufacturer and part of Argentine oil-and-gas major YPF SA (BCBA: YPFD), has actually inaugurated its 100-MW Zonda solar farm in Argentina's San Juan province, the business claimed on Tuesday.

The solar farm, situated in the town of Bella Vista, is outfitted with 170,880 bifacial modules installed over 200 hectares (494.2 acres) of land. The plant capacity variable is 36%, YPF Luz said.

The Zonda project required an investment of greater than USD 90 million (EUR 82.1 m), an amount that consisted of earnings from a green bond sale. YPF Luz will have the ability to monetise the project by selling the solar farm's result to big commercial customers under Argentina's renewable energy purchase device MATER.

In 2015, the business authorized power purchase agreements (PPAs) with off-takers in the automotive sectors, Prestamp and also 2 entities of the Toyota Group.

The Zonda solar farm has the potential to be increased twice, each time by 100 MW, to reach 300 MW. With an additional phase, called Tocota, it can grow to 500 MW.

Currently, Zonda has the regulatory approval to generate 30 MW. YPF Luz stated that it is dealing with the final commissioning stages to begin full business procedure.