Argentina continues to bring new companies to the Latin American renewables growth market, with Germany’s Nordex Group the latest to announce their entry. With the award of two contracts for the construction of wind farms with a combined capacity of 148 MW, the Nordex Group has successfully entered the new growth market Argentina in December.
Construction is to commence in the fourth quarter of 2017 for expected completion in summer 2018. Nordex will be installing the wind farms for its new customer Central Puerto, a utility which is the most important private generation company in Argentina, and has been primarily operating conventional and hydraulic power stations since its establishment in 1992.
The contracts are the result of the first tender for delivery contracts for “green electricity” in Argentina. In October 2016, the government awarded contracts for a total capacity of more than 1.1 gigawatts (GW), most of which were for wind power projects (700 MW). In a second call for tenders in November, contracts for a further 600 MW, including 400 MW for wind power, were awarded.