Verano Energy starts construction on 200MW solar project in Argentina

Facebook
Twitter
LinkedIn
Reddit
Email
Located in the province of Mendoza, Verano Energy expects the project to start operations by the end of 2025. Image: Verano Energy.

Solar developer Verano Energy has started construction on a 200MW solar PV plant in Argentina.

Located in the western province of Mendoza, the San Rafael Solar park is expected to start operations by the end of 2025. The project is also located near a substation.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The region is known for its high irradiance, optimal land conditions and easy access, according to the developer.

Known for developing in Latin America, Verano Energy has over 350MW of renewable energy capacity operational and a development pipeline of over 3GW across Chile, Peru, Colombia and Argentina.

In Peru, the company aims to build nearly 6GW of solar PV capacity to produce green ammonia. In a conversation with PV Tech Premium earlier this year, Verano Energy’s CEO, Dylan Rudney, described the Peruvian market as ‘under the radar’, with a high potential for renewable power generation and its potential to power other resources, such as green ammonia.

Earlier this year, the solar developer sold a 150MWp project located in Mendoza to an undisclosed company.

YPF Luz solar plant to be the first financed under new tax measure

In the same province of Mendoza, a 305MW solar PV plant developed by Argentinian utility YPF Luz and Mendoza-owned energy company Emesa will be the first renewable project to be built under the Régimen de Incentivo para Grandes Inversiones (RIGI), or incentive regime for large investments in English.

This is a new measure implemented by the Argentinian government for projects with an investment of more than US$200 million and offers better predictability, legal security and fiscal incentives to attract investments for a period of 30 years. RIGI can be implemented in several industries, including renewable power. Provinces can, if they choose to, offer other benefits to the companies in order to develop the project.

The project will have an investment of US$220 million and will be built in two phases. The first phase will see 200MW of solar PV capacity powered and is targeted to reach commercial operations in the first quarter of 2026. Construction of the first phase is expected to last 18 months.

Both the YPF Luz and Verano Energy projects will help the province meet its target of commissioning 700MW of solar PV capacity in the next two years.

Although lagging much behind its neighbouring countries of Brazil and Chile, Argentina has slowly increased its activity in the solar industry, with an increasing number of projects being unveiled in the past 12 months. Still in Mendoza, Argentinian renewables developer Genneia unveiled in June that it will invest US$250 million to build two solar PV plants with a combined capacity of 273MW.

Elsewhere in the country, last year the Argentinian government signed an agreement with ten northern provinces to deploy 2.5GW of renewable power capacity. The projects are expected to be built across the provinces of Tucumán, Salta, Santiago del Estero, Jujuy, Catamarca, La Rioja, Misiones, Chaco, Corrientes and Formosa. Projects would enter into a power purchase agreement (PPA) with the country’s power market administrator, CAMMESA to financially secure the development of the projects.

Read Next

Premium
September 2, 2025
In August 2025, the final month of Australia’s winter, utility-scale and rooftop solar PV generation in the National Electricity Market (NEM) saw a dramatic 22.5% month-on-month increase to 3,338GWh.
September 1, 2025
Australia’s National Electricity Market (NEM) hit a record high for the combined utility-scale solar PV and wind share in the electricity mix on 30 August.
September 1, 2025
Meridian Energy and Nova Energy have completed agreements to establish a 50-50 joint venture (JV) to build and operate the 400MW Te Rahui solar PV power plant near Taupō, New Zealand.
August 31, 2025
Renewables developer and independent power producer (IPP) TagEnergy has acquired Australian developer ACE Power, adding 6GW of renewable energy and storage projects to its portfolio.
August 29, 2025
Independent power producer (IPP) Verano Energy has closed a US$204 financing for a 83MW/660MWh solar-plus-storage project in Chile.
August 28, 2025
Latin America has the potential to unlock billions in clean energy investment if it aligns national policies with global sustainability goals and investor expectations.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines