Cauchari Solar Initiative Giving Argentina a Boost into Clean Energy Future

. At its onset, the project consisted of three individual PV fields, the Caurachi I, II, and III. With a new expansion, it will be able to provide electricity to 260,000 homes while also creating new jobs for local Argentinians.

The Cauchari Solar Plant is just the start for Argentina, which is starting to really shift to using more renewable energy sources. The electricity from the Cauchari solar project will be sold to Argentina’s electricity wholesale market administrator Compañía Administradora del Mercado Mayorista Eléctrico at a price of £46 per MWh under a. As of 2020, the Cauchari project is set to expand by 200 MW, reaching a final installed capacity of 500 MW.

The financing of this project was done primarily by the Import and Export Bank of China, which provided. While this makes the project highly affordable for Argentina, it stipulated that the Jujuy province, in which the project was built, must purchase 80% of the necessary materials from Chinese suppliers. The success of this project has continued to ingratiate China to Argentina.

Despite the success of this project, and the fact that Argentina is considered an ideal location for PV development, the country produces almost none of its energy from PV. The energy mix from 2019 showed that Argentina used 89% fossil fuels, 3.9% hydroelectric, 2.8% nuclear, and the remaining encompassed all other sources of energy creation. For a country that was ranked 18th inposition by Ernst and Young’s Renewable Energy Country Attractiveness Index, this is shocking.

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