The government of the Argentine province of La Rioja has signed a memorandum of understanding (MOU) this last week with German investment group Photovoltaic Park for a large solar PV project, according to a press release.
The MOU deals with the development of three PV plants with a total capacity of 700 MW representing an investment estimated at US$1.4 billion.
Two of the projects, which are located in Villa Unión and in Chamical, will each represent 300 MW of capacity. A third 100 MW project will be located in the city of La Rioja.
The MOU plans for the evaluation of these projects. It is estimated that the projects should be carried out in the next two years, and will employ around 1000 workers for each phase.
The MOU is part of the provinces efforts to increase the use of renewable energies.
Already we have presented before the president of the nation and the Ministries of the Interior and of Energy, the real possibility that La Rioja will be able to produce more than 1.4 GW, between different forms of generation: wind, solar and also hydropower with the Río Blanco in the mountain ranges, stated Governor Sergio Casas in a press release.
The province of La Rioja is located in the northeast of Argentina and possesses a strong solar resource. In this province no solar plants have been constructed to date, however La Rioja is home to two PV module factories.
Argentina has set a target to reach 8% renewable energy in 2017, and this goal increases to 20% in the year 2025.
This article was translated by Christian Roselund. For the original in Spanish, please see the pv magazine Latinoamérica website.