Solar project seen as start of renewables push in Argentina

Using 1.2 million Chinese-built solar panels, workers have begun to install three solar-power plants in northwest Argentina that will have an installed capacity of 300 megawatts, or 1% of the country’s entire generating capacity. The project, slated for a 700-hectare (1,730-acre) tract in the province of Jujuy, is expected to cost US$390 million, of which $330 million will be financed by China’s state-owned Eximbank and the rest by the provincial government through a green bond floated on the New York Stock Exchange in September. Argentina’s government describes the solar plants, called Cauchari I, II and III, as “the biggest solar park in Latin America,” though larger solar-power projects are being developed in Mexico and Chile. The three plants will be located at an elevation of 4,000 feet in the Puna, an arid Andean plateau long identified by experts as possessing significant solar-energy... [Log in to read more]

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