YPF Luz and Cementos Avellaneda begin construction of wind farm in Olavarría

This is an automated translation of the original release published in Spanish.

PRESS RELEASE from YPF Luz y Cementos Avellaneda
April 26, 2024

YPF Luz and Cementos Avellaneda announced the start of construction of the Cementos Avellaneda wind farm, located in the town of Olavarría, Province of Buenos Aires, 10km from the city.

The park will have an installed power of up to 63MW and will be located within the Cementos Avellaneda property and on third-party land adjacent to the plant, on an area of 450 hectares. It will have nine state-of-the-art wind turbines, with Nordex Delta technology of 7MW of power per wind turbine. The park will have an estimated capacity factor of 47%.

In addition, it will generate 260,487MWh/year of renewable energy, which is equivalent to the energy needs of some 72,000 homes, avoiding the emission of more than 119,824 tons of CO2 per year. Commissioning is planned for the first half of 2026.

The project has two different facilities. On the one hand, 4 wind turbines with a total of 28MW of installed capacity will be destined for the self-supply of Cementos Avellaneda, while the energy from the other 5 wind turbines, with an installed capacity of 35 MW, will be marketed in the Term Renewable Energy Market (MATER).

For Cementos Avellaneda, the development of this park is part of its commitment to caring for the environment and its strategy to reduce the carbon footprint by promoting the energy transition. Its objective is to self-supply approximately 47% of the electrical demand of its plant in Olavarría from the generation of renewable energy for a period of up to 25 years. In addition, the use and integration of sites that are currently in the rehabilitation process will be achieved after the development of mining activities.

“The completion of this project and the start of construction of the wind farm represent for us the fulfillment of a new milestone in our sustainability agenda. It means great progress in achieving the decarbonization of our production process, while reinforcing the trust and commitment of our shareholders with our country. This project would have been impossible without the professional and human contribution of the entire YPF Luz and Cementos Avellaneda team,” said José Luis Maestri, CEO of Cementos Avellaneda.

YPF Luz will be in charge of the construction of the park, with an investment of USD 80 million. With this new project, it adds 715 MW of renewable energy (497MW in operation and 218 MW under construction), reaffirming its leadership in the provision of renewable energy for industries.

“This park is the result of a joint dream, which emerged and could be realized through close and productive collaboration with our client. We are proud to be the partner chosen by Cementos Avellaneda to achieve this important milestone in the history of the company's sustainability,” explained Martín Mandarano, CEO of YPF Luz. “With this new project we begin a new decade of growth and reaffirm our commitment to the energy transition, in line with our purpose of promoting the evolution of energy for the well-being of people from Argentina.”

Characteristics of the Cementos Avellaneda Wind Farm

• It will generate 63MW of power from a renewable source: or energy equivalent to more than 72,000 homes. or savings of 119,824 tons of CO2 per year.

• 9 wind turbines

• Area: 450 hectares

• Capacity factor: 47.2%

• Energy Generated: 260,487 MWh/year

• Investment: more than USD 80 million

• Employment during construction: 200 people at peak construction Characteristics of the Wind Turbines

• Technology: Nordex Delta

• Installed capacity: 7MW each

• Tower height: 119 meters

• Blade length: 81 meters

• Total height: 200 meters