Central Puerto Announces It Has Entered into a Purchase Agreement for the "Proyecto Solar Cafayate"

Rhea-AI Summary

Central Puerto (NYSE:CEPU) has signed a purchase agreement to acquire 100% ownership of Fieldfare Argentina S.R.L. from Canadian Solar Energy Group B.V. and Canadian Solar UY Holding Latam S.A. The acquisition includes the Cafayate Solar Project, a solar farm located in Salta Province with 80 MW nominal installed capacity and 220 GWh generation capability.

The transaction closing is scheduled for September 2, 2025, subject to standard conditions. This strategic acquisition reinforces Central Puerto's commitment to energy sector development and marks a significant step in its technology diversification strategy and expansion in the renewable energy market.

Positive

• Acquisition of 80 MW solar farm with 220 GWh generation capacity
• Strategic expansion into renewable energy market
• Technology portfolio diversification
• 100% ownership acquisition provides full operational control

Negative

• Transaction subject to closing conditions that could delay or prevent completion

News Market Reaction

+1.09%

1 alert

+1.09% News Effect

On the day this news was published, CEPU gained 1.09%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Buenos Aires, Argentina--(Newsfile Corp. - August 21, 2025) - Central Puerto S.A. (NYSE: CEPU) (BYMA: CEPU) yesterday, August 20^th, 2025 has entered into a purchase agreement with Canadian Solar Energy Group B.V. and Canadian Solar UY Holding Latam S.A. for the acquisition of 100% of the shares and votes of Fieldfare Argentina S.R.L. which owns and operates the solar farm "Proyecto Solar Cafayate" (Cafayate Solar Project), located in the Province of Salta, with a nominal installed capacity of approximately 80 MW and a generation of 220 GWh.

The closing is expected on September 2, 2025, subject to the fulfillment of certain standard conditions applicable to this kind of transaction.

This transaction reaffirms CPSA's commitment to the development of the energy sector, marking a new milestone in its technology diversification strategy and its commitment to expand and consolidate its strategic participation in the renewable energy market.

For further information, please contact Central Puerto S.A.
Phone: +54 11 4317-5000
Email: inversores@centralpuerto.com
Av. Tomas Alva Edison 2701
Dársena E - Puerto de Buenos Aires
(C1104BAB) Ciudad de Buenos Aires
República Argentina

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/263327

FAQ

What is the Cafayate Solar Project that Central Puerto (CEPU) is acquiring?

The Cafayate Solar Project is a solar farm located in Salta Province, Argentina, with 80 MW nominal installed capacity and 220 GWh generation capability.

When will Central Puerto complete the acquisition of the Cafayate Solar Project?

The transaction is expected to close on September 2, 2025, subject to standard closing conditions.

Who is selling the Cafayate Solar Project to Central Puerto?

The sellers are Canadian Solar Energy Group B.V. and Canadian Solar UY Holding Latam S.A., who are selling 100% of shares in Fieldfare Argentina S.R.L.

What is the strategic importance of the Cafayate Solar Project acquisition for CEPU?

The acquisition represents a significant milestone in Central Puerto's technology diversification strategy and demonstrates its commitment to expanding its presence in the renewable energy market.

What is the generation capacity of the Cafayate Solar Project being acquired by CEPU?

The Cafayate Solar Project has a nominal installed capacity of 80 MW and can generate 220 GWh of energy.