Central Puerto Expands Its Renewable Energy Offer And Incorporates Its First Solar Farm With The Acquisition Of The "Guañizuil II A" Solar Farm; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Central Puerto (NYSE:CEPU), the largest producer of electric energy in Argentina, has acquired its first photovoltaic technology park, 'Guañizuil II A', from Norwegian companies SCATEC and EQUINOR. The solar farm, the third largest in Argentina, will allow Central Puerto to generate 9.6% of the country's total solar energy and reach a capacity of 475 MW of renewable energy. The financial terms of the acquisition were not disclosed.
October 27, 2023 | 9:28 pm
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POSITIVE IMPACT
Central Puerto's acquisition of the 'Guañizuil II A' solar farm expands its renewable energy portfolio and diversifies its energy matrix. This could potentially enhance the company's market position and future revenue streams.
The acquisition of the 'Guañizuil II A' solar farm by Central Puerto is a significant move for the company as it expands its renewable energy portfolio and diversifies its energy matrix. This could potentially enhance the company's market position and future revenue streams, which could have a positive impact on its stock price in the short term.
CONFIDENCE 90
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