Feb. 24, 2001Argentina has announced an investment agreement that is the first step in the national goal of installing 3,000 MW of new wind power projects over the next nine years.
The Minister of Economy, Jose Luis Machinea, and Energias Argentinas (Enarsa), owned by the Spanish companies Endesa and Elecnor, recently signed an investment agreement that will bring US $2250 million in wind power projects to three provinces in Patagonia over the next nine years.
This wind power investment is expected to create 3,000 construction jobs and 250 on-going operations and maintenance jobs. Enarsa plans to invest $235 million by next year for the construction of parks in Puerto Madryn (Chubut), Cutral Co and El Chocon (Neuquen) and in Bariloche (Rio Negro), with a combined capacity of 300 MW.
Between 2003 and 2006, Enarsa plans to install 1,200 MW, and add another 1,500 MW by the end of the decade. The entire investment will have a predicted annual output of 9,000 million kWh, saving 1 million tons of oil or 1,000 million cubic meters of gas, according to Enarsa.