Argentina awards USD 2m to renewable energy projects in Chaco

Argentina’s agency promoting science and technology has approved ARS 19 million (USD 2.2m/EUR 1.9m) in subsidies for renewable energy projects in Chaco province, the ministry of science, technology and innovation said last week.

The National University of Chaco Austral and local firm Sogico SA will receive ARS 13.5 million to install a 2.4-MW biomass plant linked to cotton processing.

Sogico expects to cover all of its power demand, while surplus electricity will be injected in the national system. The project will help diversify Argentina’s energy mix by replacing fossil fuel, according to the ministry.

The other project consists in developing solar thermal parabolic troughs based on inorganic salts for remote rural and urban communities. In this case, the university and its partner Tata Cua Secaderos will receive ARS 5.4 million from the agency and will invest an additional ARS 3.6 million.

Both projects will be developed in the next three years.

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