Original disclosure @ EIB website
Updated in EWS Dec 14, 2018
Disclosed by Bank Dec 5, 2018
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The project consists of 15 solar photovoltaic (PV) plants with a total capacity up to 95MW in the Province of Jujuy, Argentina.
The project aims to support Argentina's National Climate Change Strategy, which considers the transition to a low-carbon economy and the deployment of renewable energy as high priorities, as well as the Renewable Energy National Act, which has a goal to generate 20% of total electricity from clean renewable sources by 2025. Additionally, the project is part of the "Jujuy Verde" initiative, aiming at reaching carbon neutrality by 2030. Solar power production will further help to reduce the country's dependence on fossil-based energy production, and in particular in the Province of Jujuy, where the conditions for solar photovoltaic energy generation are very favourable.
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