Argentina seeks to secure Chinese support for 300 MW solar project in Jujuy province

Argentina’s Ministry of Finance announced that it has sent a delegation to China to discuss, among other things, details of the financing of a 300 MW solar project planned in the country’s northern province of Jujuy.

The officials have discussed the financing of the project with representatives of the Chinese state-owned bank Export-Import Bank of China, which is expected to provide $400 million in funds.

The 300 MW project, which consists of the three Cauchari solar projects, 1, 2 and 3 with a power of 100 MW each, is being developed by the local government-run company JEMSE SE (Jujuy Energy and Mining State Society). According to a statement issued by the government of Jujuy in September, JEMSE invited corporate links with Chinese companies Power China, Shanghai Electric and Talesun.

The government of the Argentine province of Jujuy announced that it has won 300 MW of solar projects during the first national renewable energy tender of the RenovAr program. The indicated price of the installations remains at US$60/MWh.

An impressive 58 PV projects with a combined capacity of 2.8 GW were entered into the first renewable energy tender of the RenovAr program, within which 1 GW was assigned to renewable energy, including 300 MW for solar PV in the Jujuy province.

Overall, 916 MW of solar projects were awarded through the first two bidding rounds (Round 1 and Round 1.5) held in 2016. Round 2 of the RenovAr program is expected to be launched by May of this year.