Argentina launches round 2 of renewables auction

Wind farm. Author: fantastklywell.

Aug 18 (Renewables Now) - Argentina has launched on Thursday the second round of its RenovAr renewable energy auction programme, this time aiming for a total of 1.2 GW.

The tender was announced through resolution 275-E/2017, published in the Official Gazette.

Details on the sources and maximum price caps are available in the table below.

Source Capacity expected MWh
Wind 550 MW USD 56.25
Solar 450 MW USD 57.04
Biomass 100 MW USD 110
Biogas 35 MW USD 160
Biogas from landfills 15 MW USD 130
Small hydropower 50 MW USD 105

Offers should be presented by October 19 and the winners of power purchase agreements (PPAs) will be announced on November 29.

Among its goals, the tender will help reduce the cost of energy in the Argentine Interconnection System (SADI) and assist in reaching 20% share of renewables by 2025.

This round follows Argentina’s two renewable energy tenders from last year, RenovAr 1 and RenovAr 1.5, that awarded contracts to 1.1 GW and 1.3 GW of projects, respectively. Wind and solar proposals secured most of the capacity.

(USD 1.0 = EUR 0.851)

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Lucas is based in Brazil. He joined Renewables Now to expand coverage of the Ibero-American market, a highly attractive destination for green energy investment.

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