Argentine oil company to build US$150mn wind farm

- Wednesday, November 30, 2016

Argentine oil company to build US$150mn wind farm
Source:ADI-NQN

Argentine oil company PCR said it will invest US$150mn in the construction of the 100MW Bicentenario wind farm planned for Jaramillo, Santa Cruz province.

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The project is backed by a long-term PPA for US$49.5/MWh awarded through Argentina's recently concluded RenovAr Ronda 1.5 national tender.

Bicentenario will consist of 28 turbines, each with a capacity of 3.6MW, PCR said in a regulatory filing.

Click here to see the complete list of projects awarded through the tender.

Oil production for PCR averaged just over 14,000b/d in 2015, while natural gas output exceeded 850,000m3/d, according to information on the company's website.

National oil company YPF is also developing the 200MW Manantiales Behr wind farm in Chubut province. Dow Chemical, meanwhile, signed an MOU earlier this year with the Río Negro province government to develop a 65MW wind project.