Argentina's state-owned power generation company YPF Luz has entered 2 separate agreements with another government entity Provincial Energy Company (EPSE) for the development of utility scale solar projects having 500 MW combined capacity in San Juan province.
According to the Governor of San Juan province Sergio Uñac, it is one of the 5 most important places in the world to generate solar energy. The province currently has 16 solar power plants that account for 46% of solar parks operational in all of Argentina, he added (see Latin America PV Snippets: Scatec, Atlas, Shell, XM).
One of the YPF Luz and EPSE projects with 300 MW capacity is located in the town of Bella Vista in Iglesia department of Argentina which, as YPF explained, is one of the highest points with the highest radiation in the world. El Zonda Solar Park will be realized in 3 stages of 100 MW each.
Remaining 200 MW will form Tocota Solar Park to be jointly constructed by the 2 signatories. The EPSE will provide land and interconnection, while YPF Luz will undertake development of the project that's likely to cost an investment of $200 million.
In February 2022, YPF Luz issued its 1st green bond for $63.9 million to construct and operate its maiden solar park with 100 MW capacity, expandable to 300 MW (see Latin America PV News Snippets).
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