Argentina preparing for next renewables auction

The Argentine government is preparing to launch a second renewable energy auction, encouraged by the results of its first tender that attracted bids for 6,336 MW of capacity.

President Mauricio Macri made the announcement at a major investment conference last week, saying a schedule for the new auction will be announced as early as October.

The first tender, the winners in which will be announced on October 12, aimed to award long-term power purchase contracts to 1 GW of capacity. It got 49 bids for 3,468 MW from wind project developers, and 58 bids for 2,834 MW from solar companies.

Details on the next tender are not yet available, but local media say it is expected to be of a similar size.

Argentina targets an 8% renewable power share by end-2017 and 20% by end-2025.

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