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Argentina receives USD 520m in proposals under RenovAr Round 3

San Juan province, Argentina, 2.5 MW PV plant

May 31 (Renewables Now) - Argentina has received offers for 56 renewable energy projects representing a combined investment of USD 520 million (EUR 466.7m) to take part in the third round of the RenovAr auction programme.

The tender will focus on small renewable and energy efficiency projects by small and medium-sized enterprises (SMEs). According to the government, the maximum power allowed per project will be 10 MW, while the minimum is set at 0.5 MW, with the exception of wind.

Wind and solar will compete for a total of 350 MW of allocated capacity, with quotas by regions and provinces.

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

Source Capacity expected
Solar and Wind combined 350 MW
Biomass 25 MW
Small hydropower 10 MW
Biogas 10 MW
Biogas from landfills 5 MW

Winners will be decided on July 22, with the signing of the power purchase agreements (PPAs) with domestic grid operator CAMMESA scheduled to commence on July 29.

(USD 1 = EUR 0.90)

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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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