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The OPEC Agreement Puts A Floor Under Oil Prices

The OPEC Agreement Puts A Floor Under Oil Prices

OPEC’s agreement to raise production…

Argentina’s Largest Wind Farm in Patagonia Opens

Argentinean President Cristina Fernandez has inaugurated the largest wind farm in Argentina in southern Patagonia. Patagonia’s Rawson Aeolic Park will eventually generate 80 megawatts of electricity, enough to supply 100,000 homes.

During the opening ceremony President Fernandez said, “Diversifying the Argentine energy grid is a strategic mid and long term task for Argentina,” MercoPress news agency reported.
The Rawson Aeolic Park is situated nearly 1,000 miles south of the Argentinean capital Buenos Aires and currently has 27 Danish built turbines with a 50 megawatt capacity. In 2012 another 16 wind turbines will to be installed to bring the Rawson Aeolic Park’s total generating capacity to 80 megawatts for an overall investment of $144 million.

The Rawson Aeolic Park is being constructed by the Emgasud company. According to Emgasud spokesman Carlos Serrano the Rawson Aeolic Park will shortly be joined by a second wind park in the Patagonian tourist centre at Puerto Madryn and once both are fully operational “Argentina will have one of the major wind power poles in South America.”

According to President Fernandez, the Rawson Aeolic Park represents only a small part of Argentina’s growing commitment to renewable energy, as the country has an additional 34 renewable energy projects under development, which when fully operational will generate 910 megawatts for a final investment of $2.1 billion.

By. Charles Kennedy, Deputy Editor OilPrice.com

 



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