Argentina signs $3.5bn wind deal with Chinese construction giant

The project in Patagonia will include two transformer stations

Generadora Eólica Argentina del Sur (Geassa) has signed an agreement with China’s BCEG International (BCEGI) to build a $3.5bn, 1.35GW wind project in Patagonia.

The project is expected to be financed by a Chinese bank and will use Chinese turbines, possibly from Goldwind.

Geassa is negotiating the rate for a 15-year power-purchase agreement with Cammesa, the state electricity administrator, under a government resolution that allows developers to sell power directly to Cammesa.

Eduardo Restuccia, executive vice-president of Geassa, tells Recharge that BCEGI, a state-owned construction group, was chosen because it was “quick and proactive” and has “committed to support in obtaining a loan from a Chinese bank, which was a very appealing offer Log in to read complete article.

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