Luis Caputo announced the approval of the first RIGI project: a YPF Luz photovoltaic park in Mendoza

Luis Caputo announced the approval of the first RIGI project: a YPF Luz photovoltaic park in Mendoza

December 23, 2024 – 9:10 p.m.

The official also reported that “there are six other projects under evaluation and several more close to being presented.”

Mariano Fuchila

The Minister of Economy, Luis Caputoannounced this Monday that the Evaluation Committee gave the green light to the first RIGI project. This is a 305 MW photovoltaic park from YPF Luz in Mendoza that will have an investment of US$211 million.

The official also reported that “there are six other projects under evaluation and several more close to being presented.”

El Quemado solar park

In 2023, YPF Luz acquired the El Quemado project. Construction of the first stage began last October in Las Heras and is planned to come into operation in the first half of 2026.

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YPF Light acquired the project in June 2023. Currently, the project is sized in two stages, with a total installed capacity of 305 MW and with an estimated investment of US$230 millionwhich would allow the project to enter the Incentive Regime for Large Investments (RIGI).

Construction of the first stage of El Quemado will last 18 months and is expected to begin generating renewable electricity in mid-2026. It will employ more than 350 people at the peak of work.

What the El Quemado de Mendoza solar park is about

The first stage of El Quemado solar park It will have an installed capacity of 200 MW and will have a new 220 KV electrical substation on the Cruz de Piedra-San Juan line.

Martin Mandarano commented that YPF Light is developing the second stage of the project, with which the park could reach a total installed capacity of 305 MW.

He El Quemado project It was originally developed by Emesa in four stages of 100 MW each. Emesa has been constantly working on the development of energy projects, attracting private investments to the province of Mendoza. According to what the company said, it is planned that comes into operation in the first half of 2026.

Source: Ambito

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