This asset represents a definitive milestone in the region’s energy and infrastructure portfolio. Located within the highly sought-after Andean corridor, the project serves as a cornerstone for industrial-scale resource harvesting. By integrating advanced engineering with one of the most productive meteorological and geological landscapes in the world, the development provides stable, long-term yields and serves as a vital component of the national grid. The project is characterized by its tier-one technical specifications and its ability to maintain peak performance under the rigorous conditions of a high-altitude, cordilleran environment.
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General
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Current status
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Operational
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Installed capacity
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93.30 MWp
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Export capacity
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80.00 MWac
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Land use
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203.5 hectares
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Project company name
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≈≈, S.A.
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JinkoSolar ownership
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100%
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Specific yield
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2,560 kWh/kWp
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Operational life
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30 year
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Financing
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Financing/Lenders
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USD 81.0 M (Senior) IIC, FMO, C2F, BOC
USD 7.5 M (Subordinated) IIC, CIFI
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Financing tenor
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14 years
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Financial close date (FC)
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23 February 2018
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Technology
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EPC contractor
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Sterling and Wilson Private Ltd. Sucursal Argentina
Sterling and Wilson Private Ltd.
Shapoorji Pallonji and Company Private Ltd.
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PV modules
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JinkoSolar JKM325PP-72-V (325 Wp)
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Inverters
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Huawei SUN2000-42KTL (42 KWac)
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Trackers
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Convert TRJTH28PDP
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PPA
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Awarded price
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USD 54.1/MWh, adjusted by the Annual Adjustment Factor and the Incentive
Factor in accordance with PPA.
The first year invoiced PPA price after adjustment is USD 63.28/MWh. Current PPA price (second year) after adjustment is USD 64.36/MWh.
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Tenor
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20 years
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Offtaker
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CAMMESA
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Lessor
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XXXXXXXXXXX, S.A.
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Lessee
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XXXXXXXXXXX, S.A.
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Property
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203.5 hectares
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Location
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XXXXXXXXXXX, Argentina
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Term
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30 years starting from the notice of start of works
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Rent
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Initial payment when the start of works – – – USD 52,500 + VAT
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Annual lease – – – USD700 per Ha + VAT
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Final payment – – – USD 52,500 + VAT
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Termination upon default
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Lessor cannot terminate it under any circumstance
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Penalties
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Upon default in timely payment of rent:
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– If default is not cured within 2 months, Lessor has the right to claim the debt to the financing banks
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Right of first refusal upon transfer
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At any time during the term of the contract, Lesser has the right of first refusal to rent (15 days) or buy (60 days) more hectares within the Property
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Assignments
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– Authorized for Lessee
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– Prohibited for Lessor
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Collateral
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Not necessary
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Applicable Law
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Argentinian Law
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Financials
| Fiscal Year End |
Revenue (USD) |
Operational Profit (USD) |
Audit Status |
| December 31, 2023 |
14,560,528 |
8,848,431 |
KPMG Audit |
| December 31, 2022 |
14,043,494 |
7,252,243 |
KPMG Audit |
| December 31, 2021 |
14,341,470 |
7,794,800 |
KPMG Audit |
| December 31, 2020 |
13,772,312 |
10,052,359 |
KPMG Audit |
