This is the first stage of the El Quemado solar park, in the town of Las Heras, which will lead to a total capacity of 305 MW.
The first investment process under the Large Investment Incentive Regime (RIGI) It will be in the town of Las Heras, in the province of Mendoza. There a company of YPF (company with 51% state shares) will invest US$220 million in the first stage of a solar park.
YPF Luz was established in 2013 under the initiative of generating electrical energy with the imprint of the energy transition. That is why they promote the generation of wind, solar and thermal energy, exceeding 9% of the generation of electrical energy in the country. In this case, the company – of which YPF is a shareholder – was established as Single Project Vehicle (VPU) to make the investment under the regime approved in the Bases law, last July.
The governor of Mendoza, Alfredo Cornejogave more details of the process: “The first project in Argentina presented under the Large Investment Incentive Regime (RIGI) is in Mendozais made by YPF Luz and is the El Quemado project with an installed capacity of 200 MW, developed in our government by EMESA.” Mendoza joined RIGI in August of this year.
“He Municipality of Las Heras will be an active part of this project. It is important to clarify that, within this regime, companies will be exempt from paying stamps and gross income, a direct incentive for investment and development. The project is contemplated in two stages and the total capacity is 305 MW, which reaffirms the great potential of this initiative and its positive impact for Mendoza,” added the president.
The news was also celebrated by the presidential spokesperson, Manuel Adornion social networks: “The first project was entered thanks to the Large Investment Incentive Regime (RIGI): the investment will be about 220 million dollars to promote the development of a solar park in the province of Mendoza”.
El Quemado Solar Park: what the project consists of
The project had its origin under the development of the Mendoza Energy Company (Emesa)although it was later acquired by YPF in June 2023. For this first stage, where the aim is to increase the installed capacity to 200 MW and will have a new 220 KV electrical substation on the Cruz de Piedra-San Juan line, a work of 18 months is estimated. duration. The planning stipulates entering into operation for the first half of 2026.
The company itself reported that “in this first stage, it will have more than 330,000 state-of-the-art bifacial panels, installed on an area of 350 hectares. The installed power will be 200 MW, which It is equivalent to the energy used by more than 180,000 homes and will avoid the emission of more than 298,000 tons of carbon dioxide per year.”
Source: Ambito
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