Argentina gets 2.5 GW of bids in additional renewables tender

The Argentine government has received total of 47 bids, representing 2,486 MW of wind and solar capacity, for its RenovAR 1.5 tender.

When announcing the successful bids under the first tender round of its renewable energy programme RenovAR in October, Argentina launched the additional 1.5 round seeking 600 MW of projects, split between 400 MW of wind and 200 MW of solar. Only projects that failed to secure a power purchase agreement (PPA) in the RenovAR 1.0 tender or which did not qualify for the process were able to take part in the additional round.

The 47 offers announced by Argentina's energy ministry on Friday include 19 wind projects for 1,561 MW of capacity, most of which proposed for Buenos Aires and Patagonia, and 28 solar projects representing 925 MW.

The economic proposals will be opened on November 23 and the successful bids will be announced on November 25.

The maximum bidding prices for this round were USD 59.39 (EUR 54.74) per MWh for wind power and USD 59.75 per MWh for solar power, in line with the averages prices achieved in the first round.

A total 1,109 MW of projects were awarded contracts under the RenovAR 1.0 tender. These include 12 wind projects or 708 MW of capacity, four solar projects for a combined 400 MW, and one biogas project of 1.2 MW.

(USD 1.0 = EUR 0.922)

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