Interactive prototype · all figures are examples[CNV registration: pending]Projected returns, not guaranteedInvestment is subject to Argentine regulation
San Juan · JáchalFinancing
PSF Jáchal
3.0 MWp · Single-axis tracker · bifacial · Merchant · sale on the MEM spot market · USD 48/MWh
Key factskey information sheet · all figures are examples
| Item | Value | Source |
|---|---|---|
| What it is | 2.98 MWp (2.5 MWac) solar plant in Jáchal, San Juan · Single-axis tracker · bifacial · sells its energy under Merchant · sale on the MEM spot market at USD 48/MWh | ELAP estimate ELAP · report rev B · P50/P90 study · 08/20/2026 |
| Amount being raised | USD 1.00 M from the crowd, out of a CAPEX of USD 1.84 M (USD 0.616/Wp) · 88 % raised · closes 11/30/2026 | Contract 75 % · Quote 5 % · ELAP estimate 20 % as of 10/08/2026 |
| Minimum ticket | USD 500 · 5 shares of USD 100, upfront or in installments | Contract Platform terms, art. 9 · 07/01/2026 |
| Return | P50 10.1 % · P90 7.7 % of contributed capital in year 1 · projected, not guaranteed | ELAP estimate ELAP · trust model, report rev B · 08/20/2026 |
| Term | Merchant · 25-year useful life | ELAP estimate ELAP · report rev B · 08/20/2026 |
| Main risks | Spot price · Curtailment · Construction and schedule | ELAP estimate ELAP · report rev B · P50/P90 study · 08/20/2026 |
| Total fees | USD 212,025 one-off (11.5 % of CAPEX) · USD 74,909 per year (23.8 % of year-1 revenue, including debt interest) | Contract Trust agreement, annex III · 09/20/2026 |
[Model: key information sheet under EU Regulation 2020/1503 and CNV RG 717/2018 · to be checked in the legal memo]
Who takes part
| Role | Who | Contribution | Status |
|---|---|---|---|
| Land | Farmer (example) | In-kind contribution for equity | Ready |
| Trackers | Trackers del Oeste (example) | In-kind contribution for equity | Ready |
| Buyer | Spot market | No contract: variable price | In progress |
| EPC | Constructora Huarpe (example) | Turnkey | Ready |
| Engineering | ELAP | rev B | Ready |
Capital structure example
Total USD 1.84 M = CAPEX, sum of the bill of quantities · USD 0.616/Wp · contributed capital (excluding debt) USD 1.34 M
Explicit risks
| Risk | What can happen | What limits it |
|---|---|---|
| Spot price | Without a PPA, revenue follows the market price, which can fall. | Wider return range; the P90 uses USD 43/MWh. |
| Curtailment | Node with 9 MW of free capacity for 2.5 MW requested. | The P90 deducts 2 % for curtailment. |
| Construction and schedule | Cost overruns or delays push back the start of distributions. | Turnkey EPC with a fixed price. |
Questions
No questions yet.
Financing closes 11/30/2026
- Return
- 7.7 to 10.1 % in year 1 (P90 to P50), projected, not guaranteed
- Term
- Merchant · 25-year useful life
Grid access
- Node
- Jáchal 132/33 kV substation
- Free capacity
- 9 MW (CAMMESA, public data)
- Requested capacity
- 2.5 MW
- Dispatch priority
- Assigned 05/2026 · expires 05/2028
- Guarantee deposit
- Posted
Energy buyer
No PPA · sale on the spot market (CAMMESA)
Merchant · sale on the MEM spot market · USD 48/MWh
Stages
01Equipment and quantities24 lines · total USD 1,836,504 = CAPEX
| Category | Description | Manufacturer and model | Specification | Quantity | Unit price | Total | Source | Purchase status |
|---|---|---|---|---|---|---|---|---|
| Main equipment, item by item · click a row to see warranty, country and datasheet | ||||||||
| Equipment | Bifacial PV module | JinkoSolarTiger Neo JKM585N-72HL4-BDV | 585 Wp · N-type bifacial · 1,500 V | 5,096 pcs | USD 64.35 | USD 327,928 | Contract Purchase order no. 2 · Importadora Litoral (example) · 10/01/2026 | Awarded |
| Equipment | String inverter | SungrowSG250HX | 250 kW · 1,500 V · 12 MPPT | 10 pcs | USD 8,950 | USD 89,500 | Quote Supplier B · 10/08/2026 · expires 11/07/2026 | Quoted |
| Structure | Single-axis tracker, one row (1P) | NextrackerNX Horizon | 1P · 52 modules · ±60° | 98 tables | USD 2,690 | USD 263,620 | Contract Contribution agreement no. 5 · Trackers del Oeste (example) · 09/25/2026 | Awarded |
| Medium voltage | Oil-immersed power transformer | Tadeo CzerwenyTPC 3150 kVA ONAN | 3.15 MVA · 33/0.8 kV · Dyn11 | 1 pcs | USD 72,000 | USD 72,000 | ELAP estimate ELAP · report rev B · 08/20/2026 | To quote |
| Medium voltage | Medium-voltage switchgear, 3 functions | Ormazabalcgm.3 36 kV | 36 kV · 2 lines + protection | 1 pcs | USD 46,000 | USD 46,000 | ELAP estimate ELAP · report rev B · 08/20/2026 | To quote |
| Electrical BOS | DC solar cable | PrysmianTecsun H1Z2Z2-K | 1 × 6 mm² · 1.5 kV | 12,000 m | USD 0.95 | USD 11,400 | ELAP estimate ELAP · report rev B · 08/20/2026 | To quote |
| Electrical BOS | Low-voltage cable, inverter to station | IMSASubterráneo XLPE Al | 1 × 240 mm² · 1.8/3 kV | 4,500 m | USD 6.20 | USD 27,900 | ELAP estimate ELAP · report rev B · 08/20/2026 | To quote |
| Medium voltage | Medium-voltage cable, internal network | CimetXLPE 18/30 kV Al | 1 × 95 mm² · 33 kV | 600 m | USD 11.60 | USD 6,960 | ELAP estimate ELAP · report rev B · 08/20/2026 | To quote |
| Minor items, by category | ||||||||
| Structure | Pile driving and mechanical installation of the trackers | — | 0.030 USD/Wp | 1 lump sum | USD 89,435 | USD 89,435 | Contract EPC contract · Constructora Huarpe (example) · 09/28/2026 | Awarded |
| Electrical BOS | String boxes, protection, earthing, monitoring and electrical installation | — | 0.052 USD/Wp | 1 lump sum | USD 155,020 | USD 155,020 | Contract EPC contract · Constructora Huarpe (example) · 09/28/2026 | Awarded |
| Medium voltage | Housing, foundations and installation of the MV stations | — | per station | 1 pcs | USD 26,000 | USD 26,000 | Contract EPC contract · Constructora Huarpe (example) · 09/28/2026 | Awarded |
| Civil works | Earthworks, internal roads, fencing, drainage and site compound | — | 0.052 USD/Wp | 1 lump sum | USD 155,020 | USD 155,020 | Contract EPC contract · Constructora Huarpe (example) · 09/28/2026 | Awarded |
| Grid connection | 33 kV medium-voltage line, concrete poles | — | per km | 0.9 km | USD 74,000 | USD 66,600 | Contract EPC contract · Constructora Huarpe (example) · 09/28/2026 | Awarded |
| Grid connection | Outgoing bay at the substation, protection and SMEC metering | — | 1 bay | 1 lump sum | USD 160,000 | USD 160,000 | Contract EPC contract · Constructora Huarpe (example) · 09/28/2026 | Awarded |
| Engineering | ELAP engineering: basic, detailed, P50/P90 and as-built | — | 0.012 USD/Wp | 1 lump sum | USD 35,774 | USD 35,774 | ELAP estimate ELAP · report rev B · 08/20/2026 | Purchased |
| Development | ELAP development: permits, environmental impact and dispatch priority management | — | 0.018 USD/Wp | 1 lump sum | USD 53,661 | USD 53,661 | ELAP estimate ELAP · report rev B · 08/20/2026 | Purchased |
| Development | Independent engineer: design review and construction certification | — | USD 2,500 per MWp | 1 lump sum | USD 7,453 | USD 7,453 | Contract Trust agreement · 09/20/2026 | Awarded |
| Development | Land, in-kind contribution for equity (valuation) | — | in kind | 1 lump sum | USD 80,000 | USD 80,000 | Contract Land contribution agreement · valuation (example) · 12/10/2025 | Purchased |
| Trustee | Trust formation and legal structuring | — | fixed fee | 1 lump sum | USD 15,000 | USD 15,000 | Contract Trust agreement · 09/20/2026 | Purchased |
| Insurance | All-risk construction and transport insurance | — | 0.45 % of construction | 1 lump sum | USD 6,738 | USD 6,738 | ELAP estimate ELAP · report rev B · 08/20/2026 | To quote |
| Platform fee | Platform placement fee | — | 3 % of the crowd raise | 1 lump sum | USD 30,000 | USD 30,000 | Contract Platform terms, art. 9 · 07/01/2026 | Awarded |
| Contingency | Construction contingency | — | 4 % of construction | 1 lump sum | USD 59,895 | USD 59,895 | ELAP estimate ELAP · report rev B · 08/20/2026 | To quote |
| Financing cost | Cost of investor installments and debt structuring | — | 5 % of the amount paid in installments + 1 % of the debt | 1 lump sum | USD 27,429 | USD 27,429 | ELAP estimate ELAP · report rev B · 08/20/2026 | To quote |
| Taxes | Import duties, statistics fee and non-recoverable taxes | — | 5 % of imports from outside Mercosur | 1 lump sum | USD 23,171 | USD 23,171 | ELAP estimate ELAP · report rev B · 08/20/2026 | To quote |
| Bill of quantities total · 0.616 USD/Wp over 2.981 MWp | USD 1,836,504 | |||||||
Prices in USD excluding VAT. Supplier, EPC, O&M and trustee names are examples; manufacturers and models are real and their prices are examples.
02Prices and CAPEXUSD 1,836,504 · 0.616 USD/Wp
| Category | USD | USD/Wp | % of total | Market reference USD/Wp | Platform average USD/Wp | Source |
|---|---|---|---|---|---|---|
| Equipment | USD 417,428 | 0.140 | 22.7 % | 0.155 | 0.144 | Contract 79 % · Quote 21 % as of 10/08/2026 |
| Structure | USD 353,055 | 0.118 | 19.2 % | 0.125 | 0.121 | Contract as of 09/28/2026 |
| Electrical BOS | USD 194,320 | 0.065 | 10.6 % | 0.080 | 0.078 | Contract 80 % · ELAP estimate 20 % as of 09/28/2026 |
| Medium voltage | USD 150,960 | 0.051 | 8.2 % | 0.035 | 0.044 | Contract 17 % · ELAP estimate 83 % as of 09/28/2026 |
| Civil works | USD 155,020 | 0.052 | 8.4 % | 0.060 | 0.063 | Contract as of 09/28/2026 |
| Grid connection | USD 226,600 | 0.076 | 12.3 % | 0.050 | 0.058 | Contract as of 09/28/2026 |
| Engineering | USD 35,774 | 0.012 | 1.9 % | 0.012 | 0.012 | ELAP estimate as of 08/20/2026 |
| Development | USD 141,114 | 0.047 | 7.7 % | 0.035 | 0.037 | Contract 62 % · ELAP estimate 38 % as of 09/20/2026 |
| Trustee | USD 15,000 | 0.005 | 0.8 % | 0.003 | 0.003 | Contract as of 09/20/2026 |
| Insurance | USD 6,738 | 0.002 | 0.4 % | 0.002 | 0.002 | ELAP estimate as of 08/20/2026 |
| Platform fee | USD 30,000 | 0.010 | 1.6 % | 0.010 | 0.010 | Contract as of 07/01/2026 |
| Contingency | USD 59,895 | 0.020 | 3.3 % | 0.020 | 0.020 | ELAP estimate as of 08/20/2026 |
| Financing cost | USD 27,429 | 0.009 | 1.5 % | 0.012 | 0.010 | ELAP estimate as of 08/20/2026 |
| Taxes | USD 23,171 | 0.008 | 1.3 % | 0.008 | 0.008 | ELAP estimate as of 08/20/2026 |
| Total | USD 1,836,504 | 0.616 | 100 % | 0.607 | 0.611 | Contract 75 % · Quote 5 % · ELAP estimate 20 % as of 10/08/2026 |
Market reference: ELAP estimate ELAP · 2026 market reference, 19 budget prices · 09/15/2026. The platform average is that of the other 6 projects on this page. Each category is the sum of its lines in the bill of quantities.
03Open tenderanonymous until awarded, named afterwards
| Bidder | Offer | Unit price | Total | Versus lowest | Lead time | Result |
|---|---|---|---|---|---|---|
| Importadora Litoral (example) | JinkoSolar Tiger Neo JKM585N-72HL4-BDV | USD 64.35 | USD 327,928 | lowest | 6 wk | Selected |
| Importadora Andina (example) | JA Solar JAM72D40-585/LB | USD 65.52 | USD 333,890 | +1.8 % | 14 wk | Not selected |
Why it won: Lowest price and stock already cleared through customs: delivery in 6 weeks.
| Bidder | Offer | Unit price | Total | Versus lowest | Lead time | Result |
|---|---|---|---|---|---|---|
| Supplier A | Solis S6-GU250K-EHV | USD 8,720 | USD 87,200 | lowest | 16 wk | Under evaluation |
| Supplier B | Sungrow SG250HX | USD 8,950 | USD 89,500 | +2.6 % | 10 wk | Under evaluation |
| Supplier C | Sungrow SG250HX | USD 9,080 | USD 90,800 | +4.1 % | 8 wk | Under evaluation |
04Use of fundsUSD 0 disbursed of USD 1,492,884
| Sources | USD | % |
|---|---|---|
| Land, in kind | USD 80,000 | 4.4 % |
| Equipment, in kind | USD 263,620 | 14.4 % |
| Crowd | USD 1,000,000 | 54.5 % |
| Bank debt | USD 492,884 | 26.8 % |
| Total | USD 1,836,504 | 100 % |
| Uses | USD | % |
|---|---|---|
| Equipment | USD 417,428 | 22.7 % |
| Structure | USD 353,055 | 19.2 % |
| Electrical BOS | USD 194,320 | 10.6 % |
| Medium voltage | USD 150,960 | 8.2 % |
| Civil works | USD 155,020 | 8.4 % |
| Grid connection | USD 226,600 | 12.3 % |
| Engineering | USD 35,774 | 1.9 % |
| Development | USD 141,114 | 7.7 % |
| Trustee | USD 15,000 | 0.8 % |
| Insurance | USD 6,738 | 0.4 % |
| Platform fee | USD 30,000 | 1.6 % |
| Contingency | USD 59,895 | 3.3 % |
| Financing cost | USD 27,429 | 1.5 % |
| Taxes | USD 23,171 | 1.3 % |
| Total | USD 1,836,504 | 100 % |
In-kind contributions (USD 343,620: land and equipment for equity) do not go through the account. The rest is paid from the trust account against certified milestones by the independent engineer, and every disbursement is published here.
| Date | Milestone | Amount | Use | Certificate | Status |
|---|---|---|---|---|---|
| 01/20/2027 | Financing close | USD 141,888 | Engineering, development, trustee and placement fee | on certification | Planned |
| 03/20/2027 | EPC signing and advance | USD 202,649 | EPC advance | on certification | Planned |
| 04/20/2027 | Modules delivered to site | USD 405,299 | Modules and inverters on delivery | on certification | Planned |
| 05/20/2027 | Pile driving | USD 162,119 | Pile driving and structure | on certification | Planned |
| 06/20/2027 | Mechanical installation | USD 175,629 | Mechanical installation | on certification | Planned |
| 07/20/2027 | Electrical installation | USD 162,119 | Electrical BOS and cables | on certification | Planned |
| 08/20/2027 | MV station and line | USD 135,100 | MV stations, line and outgoing bay | on certification | Planned |
| 09/20/2027 | CAMMESA commercial operation | USD 108,081 | EPC balance, contingency and retention | on certification | Planned |
| Total through the trust account | USD 1,492,884 | CAPEX minus in-kind contributions | |||
05Who gets paid whatUSD 212,025 one-off · USD 74,909 per year
| Party | Who | Item | Basis | Amount USD | When | Source |
|---|---|---|---|---|---|---|
| Platform | Mercado Solar | Placement fee | 3 % of the crowd raise, once at close | USD 30,000 | Once | Contract Platform terms, art. 9 · 07/01/2026 |
| Platform | Mercado Solar | Administration and secondary market | 1 % of revenue, per year | USD 3,148 | Per year | Contract Platform terms, art. 10 · 07/01/2026 |
| ELAP | ELAP | Engineering | 0.012 USD/Wp | USD 35,774 | Once | Contract Trust agreement, annex III · 09/20/2026 |
| ELAP | ELAP | Development | 0.018 USD/Wp | USD 53,661 | Once | Contract Trust agreement, annex III · 09/20/2026 |
| Trustee | Fiduciaria Pampa S.A. (example) | Trust formation | fixed fee | USD 15,000 | Once | Contract Trust agreement, annex III · 09/20/2026 |
| Trustee | Fiduciaria Pampa S.A. (example) | Trust administration | 0.8 % of revenue, per year | USD 2,518 | Per year | Contract Trust agreement, annex III · 09/20/2026 |
| EPC | Constructora Huarpe (example) | EPC's declared margin | 10 % of the works in its scope (included in the bill of quantities) | USD 65,208 | Once | Contract Trust agreement, annex III · 09/20/2026 |
| O&M | Operadora Solar Andes (example) | Operation and maintenance | USD 10,000 per MWp per year | USD 29,812 | Per year | Contract Trust agreement, annex III · 09/20/2026 |
| Bank | Banco Regional (example) | Debt structuring | 1 % of the debt | USD 4,929 | Once | Contract Trust agreement, annex III · 09/20/2026 |
| Bank | Banco Regional (example) | Year-1 interest | 8 % a year on the debt | USD 39,431 | Per year | Contract Trust agreement, annex III · 09/20/2026 |
| Independent engineer | Estudio Ingeniería Zonda (example) | Technical review and construction certification | USD 2,500 per MWp | USD 7,453 | Once | Contract Trust agreement, annex III · 09/20/2026 |
| One-off, within CAPEX | USD 212,025 | 11.5 % of CAPEX | ||||
| Annual, year 1 | USD 74,909 | from the payment waterfall | ||||
06Production and assumptionsP50 6.56 GWh · P90 6.11 GWh per year · Source: ELAP estimate · ELAP · report rev B · P50/P90 study · 08/20/2026
| Data or assumption | Value |
|---|---|
| P50 production | 6.56 GWh per year · 2,200 kWh/kWp |
| P90 production | 6.11 GWh per year · 2,050 kWh/kWp |
| Weather data source | PVGIS-SARAH3 cross-checked with Solcast |
| Years in the series | 2005 to 2023 (19 years) |
| Global horizontal irradiation (GHI) | 2,090 kWh/m² per year |
| Bifacial gain | 7.6 % |
| Total system losses | 13.8 % |
| Soiling | 2.0 % with quarterly cleaning |
| Availability | 99.0 % |
| Grid curtailment | 2.0 % |
| Annual module degradation | 0.4 % per year (manufacturer's linear warranty) |
| Combined uncertainty (1 σ) | 5.3 % · P90 = P50 × (1 − 1.28 σ) |
07RevenueMerchant · sale on the MEM spot market
| Item | Value | Source |
|---|---|---|
| Price | USD 48/MWh: average spot price over the last 12 months | Actual CAMMESA · average monomial price (example) · 09/30/2026 |
| Term | No contract: monthly sale to the MEM | ELAP estimate ELAP · report rev B · 08/20/2026 |
| Indexation | Not applicable: follows the market price | ELAP estimate ELAP · report rev B · 08/20/2026 |
| Counterparty | CAMMESA, as market administrator | ELAP estimate ELAP · report rev B · 08/20/2026 |
| Guarantees | None | ELAP estimate ELAP · report rev B · 08/20/2026 |
| Energy covered | 100 % on the spot market; the P90 uses USD 43/MWh | ELAP estimate ELAP · report rev B · 08/20/2026 |
Spot price over the last 12 months USD/MWh · CAMMESA, average monomial price (example)
| 10/2025 | 11/2025 | 12/2025 | 01/2026 | 02/2026 | 03/2026 | 04/2026 | 05/2026 | 06/2026 | 07/2026 | 08/2026 | 09/2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 51 | 49 | 46 | 44 | 45 | 47 | 50 | 53 | 55 | 52 | 47 | 37 |
Average 48.0 USD/MWh: this is the P50 price. Minimum 37 and maximum 55.
08Payment waterfallyear 1 · projected
| Order | Item | Basis | USD year 1, P50 | % of revenue | USD year 1, P90 | Source |
|---|---|---|---|---|---|---|
| Energy sales revenue | 6.56 GWh × USD 48/MWh | USD 314,810 | 100.0 % | USD 262,789 | Actual CAMMESA · average monomial price (example) · 09/30/2026 | |
| 1 | Operation and maintenance | USD 10,000 per MWp per year | −USD 29,812 | 9.5 % | −USD 29,812 | Contract Trust agreement, annex III · 09/20/2026 |
| 2 | Operational all-risk insurance | 0.3 % of CAPEX per year | −USD 5,510 | 1.8 % | −USD 5,510 | ELAP estimate ELAP · trust model, report rev B · 08/20/2026 |
| 3 | Trustee fee | 0.8 % of revenue | −USD 2,518 | 0.8 % | −USD 2,102 | Contract Trust agreement, annex III · 09/20/2026 |
| 4 | Platform administration fee | 1 % of revenue | −USD 3,148 | 1.0 % | −USD 2,628 | Contract Platform terms, art. 10 · 07/01/2026 |
| 5 | Municipal fees and gross receipts tax | 1.2 % of revenue | −USD 3,778 | 1.2 % | −USD 3,153 | ELAP estimate ELAP · trust model, report rev B · 08/20/2026 |
| 6 | Income tax | 35 % of profit, with 25-year depreciation | −USD 55,004 | 17.5 % | −USD 37,343 | ELAP estimate ELAP · trust model, report rev B · 08/20/2026 |
| 7 | Debt service (principal and interest) | USD 0.49 M at 8 % over 10 years | −USD 73,454 | 23.3 % | −USD 73,454 | Contract Trust agreement, annex III · 09/20/2026 |
| 8 | Inverter replacement reserve | USD 2,000 per MWp per year | −USD 5,962 | 1.9 % | −USD 5,962 | ELAP estimate ELAP · trust model, report rev B · 08/20/2026 |
| 9 | Distribution to investors | 10.1 % of contributed capital | USD 135,625 | 43.1 % | USD 102,825 | ELAP estimate ELAP · trust model, report rev B · 08/20/2026 |
First operation, taxes and debt; then reserves; and only after that the investors. The return on the sheet is the last line divided by the contributed capital (USD 1,343,620).
09Sensitivityyear 1 · same model as the payment waterfall · Source: ELAP estimate · ELAP · trust model, report rev B · 08/20/2026
| Case | Year-1 return | Versus base | Distribution USD | Per USD 1,000 |
|---|---|---|---|---|
| Base case (P50) | 10.1 % | — | USD 135,625 | USD 101 |
| Sale price −10 % | 8.6 % | −1.5 pp | USD 115,776 | USD 86 |
| P90 production | 7.7 % | −2.4 pp | USD 102,825 | USD 77 |
| CAPEX +10 %, with more debt | 8.6 % | −1.5 pp | USD 115,610 | USD 86 |
| 20 % exchange-rate gap | 8.4 % | −1.7 pp | USD 113,020 | USD 84 |
CAPEX +10 %: the overrun is financed with more debt. Exchange-rate gap: revenue is collected in pesos at the official rate and the investor converts to dollars at a rate 20 % higher.
10Construction progressplanned schedule · Source: ELAP estimate · ELAP · report rev B · schedule · 08/20/2026
| Milestone | Planned | Actual | Delay |
|---|---|---|---|
| EPC signing and advance | 02/15/2027 | pending | — |
| Modules delivered to site | 04/15/2027 | pending | — |
| Pile driving | 05/15/2027 | pending | — |
| Mechanical installation | 06/15/2027 | pending | — |
| Electrical installation | 07/15/2027 | pending | — |
| MV station and line | 08/15/2027 | pending | — |
| Energization | 09/15/2027 | pending | — |
| CAMMESA commercial operation | 10/15/2027 | pending | — |
| Main equipment | Of 8 |
|---|---|
| Awarded or later | 2 |
| Purchased | 0 |
| Delivered to site | 0 |
| Installed | 0 |
| Month | Planned | Actual | Curve |
|---|---|---|---|
| 02/2027 | 0 % | — | |
| 03/2027 | 7 % | — | |
| 04/2027 | 26 % | — | |
| 05/2027 | 50 % | — | |
| 06/2027 | 74 % | — | |
| 07/2027 | 93 % | — | |
| 08/2027 | 100 % | — |
Purchase status of each item in section 1. Actual dates and progress: independent engineer's certificates.
11Change logpublic to everyone
| Date | What changed | From | To | Why | Source |
|---|---|---|---|---|---|
| 08/20/2026 | Modules | rev A · 5,148 modules · 99 tables | rev B · 5,096 modules · 98 tables | Rev B of the ELAP report: one table is dropped when the layout is adjusted to the canal setback. | ELAP estimate ELAP · report rev B · 08/20/2026 |
| 09/25/2026 | Trackers: price and source | ELAP estimate · USD 2,740 per table | Contract · USD 2,690 per table | In-kind contribution for equity by Trackers del Oeste (example). | Contract Contribution agreement no. 5 · 09/25/2026 |
| 10/01/2026 | Modules: source | ELAP estimate · USD 0.110/Wp | Contract · USD 0.110/Wp | Tender awarded to Importadora Litoral (example). | Contract Purchase order no. 2 · 10/01/2026 |
When a figure changes source (estimated, quoted, contracted, actual), the previous one stays here.
12Documentsdata room
- Trust agreementPDF · 09/2026Registered users only
- ProspectusPDF · 09/2026View
- Power purchase agreementPending
- ELAP engineering report, rev BPDF · 08/2026View
- Grid access studyPDF · 05/2026 · CAMMESA priority noteView
- Independent engineer's technical auditPending
- Quarterly financial statements of the trustPending