July 16 (Renewables Now) - Argentina will most likely hold the fourth round of the RenovAr renewable energy auction programme after the results of the presidential elections are known this November, local energy portal Energia Estrategica said Monday.
The report says that the South American country expects to tender 750 MW of wind and 250 MW of solar power, still subject to change, along with new transmission lines.
The undersecretary of renewable energy, Sebastian Kind, who first announced in April that Round 4 would be held this year, said on Friday that four sections of power lines will be put up in the new auction. Kind was in Beijing on Friday to present Round 4 at the Argentine embassy as 25% of the companies that came out winning in the previous rounds were from China.
The new round is expected to attract investments of around USD 2 billion (EUR 1.8bn), the embassy said.
According to Argentine government data, the RenovAr rounds 1, 1.5 and 2 resulted in 147 awarded projects with a combined capacity of 4,466.5 MW for a weighted average price of USD 54.72 per MWh. The government is currently holding Round 3, also known as MiniRen, focused solely on small renewable and energy efficiency projects by small and medium-sized enterprises (SMEs).
(USD 1.0 = EUR 0.89)