Fiambala, Saujil and Tinogasta solar parks

active

The project entails the development and operation of three solar PV parks located in the province of Catamarca, Argentina. Fiambala, Saujil and Tinogasta have respective capacities of 11 MW, 23 MW and 15 MW, for a total of 49 MW. The sole owner and developer is 360 Energy. This is a greenfield project initiated on a BOO basis. The Fiambala, Saujil and Tingasta solar plants parks were awarded in the RenovAr 1.5 national tender with $53.7, $51.9 and $53.4 per MWh for a period of 20-years, respectively. The criteria in the bidding process was the lowest tariff per MWh. It is estimated that the investment cost for all three plants will be around $50 million. The funding will come from debt (70%) and equity (30%). Four local banks will finance the debt portion. The specific lenders are not currently disclosed. The Fiambala, Saujil and Tingasta solar plants parks were awarded in the RenovAr 1.5 national tender with $53.7, $51.9 and $53.4 per MWh 20-year contracts respectively. Factiva