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.
General
Current status
Operational
Installed capacity
93.30 MWp
Export capacity
80.00 MWac
Land use
203.5 hectares
Project company name
≈≈, S.A.
JinkoSolar ownership
100%
Specific yield
2,560 kWh/kWp
Operational life
30 years
Financing
Financing/Lenders
USD 81.0 M (Senior) IIC, FMO, C2F, BOC
USD 7.5 M (Subordinated) IIC, CIFI
Financing tenor
14 years
Financial close date (FC)
23 February 2018
Technology
EPC contractor
Sterling and Wilson Private Ltd. Sucursal Argentina
Sterling and Wilson Private Ltd.
Shapoorji Pallonji and Company Private Ltd.
PV modules
JinkoSolar JKM325PP-72-V (325 Wp)
Inverters
Huawei SUN2000-42KTL (42 KWac)
Trackers
Convert TRJTH28PDP
PPA
Awarded price
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.
Tenor
20 years
Offtaker
CAMMESA
Lessor
XXXXXXXXXXX, S.A.
Lessee
XXXXXXXXXXX, S.A.
Property
203.5 hectares
Location
XXXXXXXXXXX, Argentina
Term
30 years starting from the notice of start of works
Rent
Initial payment when the start of works - - - USD 52,500 + VAT
Annual lease - - - USD700 per Ha + VAT
Final payment - - - USD 52,500 + VAT
Termination upon default
Lessor cannot terminate it under any circumstance
Penalties
Upon default in timely payment of rent:
- If default is not cured within 2 months, Lessor has the right to claim the debt to the financing banks
Right of first refusal upon transfer
At any time during the term of the contract, Lessee has the right of first refusal to rent (15 days) or buy (60 days) more hectares within the Property
Assignments
- Authorized for Lessee
- Prohibited for Lessor
Collateral
Not necessary
Applicable Law
Argentinian Law
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
Currency: USD
Target Price / Revenue: TBD
Target Price / EBITDA: TBD
