Latest YPF LUZ News
Aug 11, 2023
Minera Exar has signed a long-term power purchase agreement (PPA) to procure solar power from a 100 MW solar plant owned by Argentina-based oil supplier YPF Luz. Minera Exar will use the electricity to partly power its lithium mining operations at Salar Cauchari-Olaroz in Jujuy province, Argentina. The company has committed to purchasing 36,000 MWh per year for a minimum of 10 years, as stated in an official announcement. YPF Luz's Zonda solar facility , inaugurated in April, constitutes the initial phase of a larger 300 MW solar project, the subsequent stages of which remain unspecified. Minera Exar's adoption of solar energy through the Zonda solar park has enabled the launch of lithium production at Salar Cauchari-Olaroz in July. Popular content The construction of the 100 MW Zonda solar facility was undertaken with an investment of approximately $90 million by YPF Luz. About $63.9 million of the funds were secured by issuing a green bond. Construction started in February 2022, and the plant features 170,880 bifacial panels spanning 200 hectares, with a capacity factor of 36%. The broader $1 billion Cauchari-Olaroz project aims to establish an initial lithium production facility capable of producing 40,000 tons per year. Preparations are already underway for a subsequent phase to expand production capacity by an additional 20,000 tons per year. This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: firstname.lastname@example.org . Share Δ By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment. Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so. You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled. Further information on data privacy can be found in our Data Protection Policy . Newsletter
YPF LUZ Frequently Asked Questions (FAQ)
When was YPF LUZ founded?
YPF LUZ was founded in 2013.
Where is YPF LUZ's headquarters?
YPF LUZ's headquarters is located at Av. Córdoba 111, Buenos Aires.
What is YPF LUZ's latest funding round?
YPF LUZ's latest funding round is Loan.
How much did YPF LUZ raise?
YPF LUZ raised a total of $50M.
Who are the investors of YPF LUZ?
Investors of YPF LUZ include U.S. International Development Finance Corporation.