Operational Solar PV Power Plant Farm (93.30 MWp) in Argentina

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 Data

• 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 year

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, Lesser 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