Financing secured for 100 MW of utility-scale PV in Argentina


A subsidiary of the Interamerican Development Bank (IDB) is ready to finance 100 MW of solar PV project in Jujuy Province, Argentina, according to a press release by the provincial government.

Jujuy Governor Gerardo Rubén Morales agreed to this financing with the Interamerican Investment Corporation (CII) General Manager James Scriven during a meeting this week, according to the release.

These PV projects will be approved through an auction process. “CII is prepared to provide a portion of the capital for solar energy projects which JEMSE approves in the auction for 100 MW of energy,” confirmed Governor Rubén Morales.

Jujuy Province is located in the extreme Northeast of Argentina and offers excellent natural conditions for solar. To date no utility-scale PV projects have been built in Jujuy.

In February, Argentina’s President Mauricio Macri announced plans for a large PV project in the region during a visit to the province. During the same month, the government of Jujuy Province announced plans for a 600 MW PV project in collaboration with Chinese companies.

During events including Bloomberg New Energy Finance’s Future of Energy Summit in New York City last month, the administration of President Macri has stressed its work to develop a policy framework to support rapid and large-scale deployment of solar PV and other renewables.

The Macri administration has also emphasized its eagerness to work with foreign capital, in an attempt to overcome the reputation of dangerous business environment in the nation established under the previous Kirchener Administration.

Translation and additional reporting by Christian Roselund. For the original in Spanish, please see the pv magazine Latinoamérica website.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact:

Popular content

High-altitude floating PV has energy payback time of 2.8 years

15 July 2024 New research from Switzerland showed that alpine floating PV systems can outperform lowland or ground-mounted counterparts in terms of energy yield an...


Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.