The Argentine company Pampa Energy said Monday that he signed a contract to buy his fifth wind farm in the country for $171 million, according to a press release.
The agreement is for the purchase of 100% of Vientos de Arauco Renovables, the company that operates the Arauco II Wind Farm located in the province of La Rioja, northwest of Buenos Aires, with a capacity of 100 MW, Pampa said in a statement. .
The transaction, which is subject to conditions precedent, will allow the company to achieve 387 megawatts of renewable energy.
“Upon completion of the purchase operation of the Arauco II wind farm, Pampa will have a projected installed generation capacity of 5,431 MW, which corresponds to 14% of the installed capacity in Argentina,” the company said in the statement.
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