Nonogasta Solar Park

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The project represents the construction and operation of a 35-MW solar PV park in the Department of Chilecito, province of La Rioja. The Nonogasta solar plant will be installed across 100 hectares and comprise an estimated 132,000 solar PV panels. 360 Energy is the sole owner and sponsor of the project. 360Energy secured the development rights in a competitive bidding process. It is being built as part of the Ministry of Energy and Mines RenovAr 1.5 renewable energy program. The criteria on which the auction was based was the lowest tariff per MWh. 360 Energy quoted US$56.4 per Mwh. 360Energy has signed a 20-year power contract with wholesale electricity market regulator CAMMESA, and all power generated onsite at Nonogasta will be sold to Argentina’s National Interconnected System. The estimated investment required to bring the project to the commissioning stage is US$40 million and is being funded with 70:30 debt to equity. Bank debt is provided by a group of local financial institutions led by Banco Hipotecario SA, BACS Banco de Crédito y Securitizaciones and Banco de la Ciudad de Buenos Aires. Completion is expected to be operational by year end. http://energiasrenovables.com.ar/index.php/2017/08/11/the-project-parque-solar-nonogasta-owned-by-360energy-group-is-currently-in-full-construction-phase/ https://www.bnamericas.com/project-profile/en/parque-solar-nonogasta-parque-solar-nonogasta Factiva