Argentina expects $1.8 billion investment from renewable energy auction

Source: Reuters
By: Maximiliano Rizzi
10.07.2016

Argentina expects investment of $1.8 billion from 17 renewable energy projects awarded in an auction to generate 1,109 megawatts of power, the government said on Friday, as it tries to lessen dependence on imported power.

Argentine and international companies are among the winners, with Spanish companies Isolux Corsan SA and FieldFare earning a solar contract and China's Envision Energy winning four wind contracts.

The projects are meant to increase the percentage of national power production from renewable sources to 8 percent of the total next year from 1.8 percent currently.

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