(MENAFN- Saudi Press Agency) Buenos Aires Safar 10 1437 November 22 2015 SPA -- Argentina and China have reached an agreement to
build a large wind farm in remote Patagonia at a cost of 435 million dollars Argentinian media reported Saturday according to dpa.
The El Angelito wind farm is expected to be in operation in two years near the city of Gastre about 1300 kilometres southwest of Buenos Aires El Chubut newspaper reported citing the governor of Chubut Province Martin Buzzi.
The farm will have an installed capacity of 200 megawatts. Chinese banks will provide financing for the project.
Patagonia a region with consistently strong and constant wind resources is sparsely populated and far from large cities.
Until now Argentina has relied little on renewable energy sources. To date it has installed 187 megawatts of wind energy capacity which amounts to 0.6 per cent of all electricity generated in the country.
--SPA
03:20 LOCAL TIME 00:20 GMT
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.