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BUENOS AIRES - Central Puerto S.A. (NYSE:CEPU) (BYMA:CEPU), a $1.67 billion market cap power company with a 6.48% dividend yield, has entered into an agreement to purchase Fieldfare Argentina S.R.L., owner of the Cafayate Solar Project, from Canadian Solar Energy Group B.V. and Canadian Solar UY Holding Latam S.A., according to a press release issued Wednesday.
The 80-megawatt solar farm, located in Salta Province, generates approximately 220 gigawatt-hours of electricity. The acquisition is expected to close on September 2, 2025, pending fulfillment of standard conditions for such transactions.
The Cafayate Solar Project acquisition represents Central Puerto’s continued expansion in the renewable energy sector, adding to its power generation portfolio in Argentina.
Central Puerto, a major player in Argentina’s energy market, stated that this transaction aligns with its technology diversification strategy and strengthens its position in the renewable energy market.
The financial terms of the deal were not disclosed in the company’s statement.
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