An Argentinian utility-scale PV project snapped up by Canadian Solar last year has started supplying power to the grid.
Over the weekend, Argentina’s Energy Secretariat hailed on social media the recent operational launch of Parque Solar Cafayate, built near the namesake town in the Salta Province.
Unlock unlimited access for 12 whole months of distinctive global analysis
Photovoltaics International is now included.
- Regular insight and analysis of the industry’s biggest developments
- In-depth interviews with the industry’s leading figures
- Unlimited digital access to the PV Tech Power journal catalogue
- Unlimited digital access to the Photovoltaics International journal catalogue
- Access to more than 1,000 technical papers
- Discounts on Solar Media’s portfolio of events, in-person and virtual
Or continue reading this article for free
The 97.6MW solar installation, the first to go live in the northwestern territory, was built by Beijing-headquartered group Powerchina.
The EPC was selected by owner Canadian Solar around April 2019, paving the way for construction works that required a workforce of around 200 people.
Canadian Solar acquired the project from an undisclosed buyer in March 2018, with plans at the time to connect it to the grid during Q2 2019.
In December 2018, Cafayate bagged US$50 million in non-recourse project financing from development banks CAF, BICE and the Bank of Buenos Aires City.
The goal, Canadian Solar said at the time, was for the project to secure an additional US$25 million in senior funding, with a view to hitting financial close in early 2019.
Cafayate reaped state support at one of Argentina’s first clean energy tenders, held in late 2016.
The RenovAr’s programme round 1.5 tender – which granted solar 516MW of 1.3GW of contracts – awarded Cafayate a 20-year PPA with state offtaker CAMMESA, priced at US$56.28/MWh.
In Argentina, the powering-up of a new project comes as the country’s 790MW-plus solar industry braces for the results of a smaller-scale tender – RenovAr round 3 – on Monday this week.
Restricted to 0.5MW-10MW projects, the ‘MiniRen’ auction has triggered 128MW worth of solar bids, with 18 PV projects offering the lowest average prices (US$57.9/MWh) of all renewables.
Cafayate’s builder Powerchina is also the EPC behind Argentina’s largest PV project Cauchari, which after several expansions could reach a 600MW size in the Jujuy province.