Recharge News
The first deal under rules enabling supply under private PPAs marks another step forward for Argentina's rapidly-evolving renewable power market, writes Alexandre Spatuzza
Less than a month after the Argentine government finalised the rules for the non-regulated market, power trading firm Saesa signed the first contract to build a 5MW PV plant to supply clean electricity via private PPAs to industries opting not to purchase from the grid.
“Signing these contracts makes it clear that we entered a new auspicious phase [for renewables] in Argentina,” said Juan Bosch, CEO of Saesa.
Under the deal, estimated to be worth more than $5m, the solar project will be built by local developer 360 Energy and should in a “few months” be selling power to the metal and food industries, as well as logistics and telecoms firms and other services provider.
