With an estimated investment of U $ S 190 million, these projects will provide a power of 140 megawatts with 32 turbines and deliver energy equivalent to the consumption of 197,000 households
Buenos Aires, July 22, 2019. GENNEIA and Pan American Energy (PAE) reached an agreement for the joint development of two projects coming wind power to the city of Puerto Madryn, Chubut Province, called North Chubut III and IV.
Both parks currently under construction and awarded in Round 2 of the renewing program, have a capacity of 140 MW produced by 32 Nordex to be connected to the Argentine System (SADI) from the second quarter of 2020 GENNEIA will operating company and provide management services during the construction phase.
Marcos Bulgheroni, CEO of Pan American Energy, said, "This agreement allows us to continue growing in the renewable energy sector and prioritize regions close to our operations, particularly the province of Chubut".
Jorge Pablo Brito, president of the Board of Genneia, the alliance with "the leading private integrated energy company in the country, Pan American Energy, is a step forward in consolidating our strategy of generating renewable, strengthening our leadership position in this sector with greater financial and operational strength. "
From this agreement, whose implementation is scheduled for August 2019, it seeks to create new opportunities to continue to assist the consolidation and development of the energy industry in Argentina.
The energy generated by these wind farms is equivalent to the consumption of more than 197,000 households, significantly reducing emissions of carbon dioxide to the environment.
Projects involve an estimated US $ 190 million and S will have a funding provided by KfW, guaranteed by the German agency Hermes investment.
About GENNEIA:
GENNEIA is a leader in providing sustainable energy solutions, which exceeds the horizon of the 1,100 MW power generation in Argentina. It owns 35% of installed capacity in wind energy, making it the number one in the sector.
The company has a superior power to 410 MW of wind power with wind farms Rawson I, II and III, Trelew, I Madryn, Chubut North I and Villalonga I and II, Pomona I; and reaches 500 MW of renewable energy, considering its solar parks Ullum 1 March 2 (82 MW) in the province of San Juan.
His Rawson Wind Farm was the first to deliver energy to the SADI in 2012; and the first to provide energy to large users in the context of the Term Market Renewable Energy (MATER), in January 2018, subscribing to a contract for 20 years.
In addition, it is building wind projects Madryn II (150 MW), Chubut North II (MW 26), Chubut North III (83 MW), Chubut North IV (MW 58) and Pomona II (12 MW); Wind Wind park Necochea (38 MW) together with the Atlantic coast stations; and a biomass power plant in Florida, Tucumán for 19 MW. It also owns and operates 7 thermal generators (620 MW).
About Pan American Energy:
PAE is the first private integrated energy company in Argentina and the region. In 2017 its shareholders, Bridas and BP, consolidated its interest in Pan American Energy and Energy AXION to form a single company called Pan American Energy Group. Today, SAP is the largest producer, employer and private investor in the energy industry in Argentina and has operations in Argentina, Mexico, Bolivia and Uruguay.
PAE is active in the areas of upstream, midstream, downstream, power generation and renewable energy. In the latter sector, PAE already in the province of Chubut with Garayalde wind farm with an installed capacity of 24.15 MW.
Upstream, PAE explores and produces oil and natural gas in Argentina, Bolivia and Mexico, unconventional, conventional reservoirs offshore and onshore.
In the downstream business, PAE operates the Campana refinery, the third largest in Argentina. Markets fuels of the highest quality through brand AXION Energy offers Castrol lubricants at its 740 service stations in Argentina and Uruguay. The company currently holds a 15% stake in Argentine fuel market.
GENNEIA
Directorate of Public Affairs
+54 9 6090-3200
noticias@genneia.com.ar
