Canadian Solar Inc. today announced its 100.1MW Cafayate solar power project in Argentina started commercial operation.
Located in the Province of Salta, the solar project is powered by over 289,000 Canadian Solar modules and will generate over 216GWh of electricity per year. As part of the RenovAR program launched by the Argentinian Government in 2016, the Cafayate project was awarded a 20-year U.S. dollar indexed power purchase agreement of US$56.28/MWh with CAMMESA during the second renewable public tender. This 20-year PPA is guaranteed by the World Bank.
"It is with great joy that we announce the commissioning of the 100.1MW Cafayate solar power plant in Argentina, our first and the country's largest solar power plant in operation. It once again underscores Canadian Solar's success and leading position in the Latin America region. In Latin America, we have been awarded over 1.6GW solar power projects across Argentina, Brazil, Mexico and Chile. We continue to foresee a high potential for photovoltaics in Argentina and the whole region and will deliver more solar projects to help the region diversify its energy matrix," said Dr. Shawn Qu, Chairman at Canadian Solar Inc.