Source: sugarlakelife.ca
Genneia, the country's largest renewable energy company, has unveiled a significant investment plan in Mendoza province, allocating $250 million for two major solar projects. The announcement was made during a meeting at the Mendoza Government Building attended by Genneia executives and provincial officials.
Heading the Genneia delegation were Jorge Brito, representing shareholders, President César Rossi, CEO Bernardo Andrews and other company members. On behalf of the provincial government, Governor Alfredo Cornejo and Jimena Latorre, Minister of Energy and Environment of Mendoza, were present.
The investment plan, to be implemented between 2024 and 2025, includes the construction of a 93 MW solar park in the Malargüe department. This project will cover 312 hectares and include more than 160,000 photovoltaic modules, requiring an investment of $90 million. In addition, the Anchoris Solar Park will be built in the Luján de Cuyo department. It will have an installed capacity of 180 MW, with almost 360,000 solar panels spread over 395 hectares, requiring an investment of $160 million.
These projects are expected to significantly reduce greenhouse gas emissions, preventing nearly 300,000 tons from entering the atmosphere, and will provide clean energy to more than 160,000 homes. The construction phase will create approximately 1,200 jobs at its peak, providing specialized training for the operation and maintenance of the solar farms, strengthening the local value chain.
Governor Cornejo welcomed Genneia's investment, stating: "These investments are fundamental to position the province as a leader in the energy transition and clearly demonstrate Mendoza's commitment to economic and social development, in harmony with care for the environment."
Bernardo Andrews, CEO of Genneia, expressed his pride in the investment plan, saying: "This $250 million investment in Mendoza underlines our commitment to continue growing and maintaining our leadership in supporting the energy transition, decarbonizing the industry and generating local employment."
Earlier this year, Genneia achieved a milestone by reaching 1 GW (1,004 MW) of installed capacity, a first in Argentina, significantly contributing to the decarbonization of the country's energy matrix and supporting Argentina's international commitments.
