Neoen secures 100-MW solar project in RenovAr 2

Power lines in Argentina. Author: Alejandro Gómez. License: Creative Commons, Attribution 2.0 Generic.

December 5 (Renewables Now) - French renewable energy company Neoen has confirmed it has been awarded a 100-MW solar project in Argentina's RenovAr 2 renewables tender last week.

The project is located in the province of Salta, in the northern part of the country and adds to 100 MW awarded to the company in the RenovAr 1 tender.   

"This accomplishment demonstrates Neoen's ability to capitalise on its local presence and develop synergies in order to propose one of the cheapest solar offers of the Argentine market," commented Emmanuel Pujol, Neoen director for South America.

Neoen offered USD 40.80 (EUR 34.44) per MWh to secure the project, the second best price among the solar winners.

The company said the RenovAr 2 auction was very competitive with more than 5,290 MW of projects submitted for solar alone. Of those, 557 MW of projects were awarded at an average price of USD 43.46 per MWh. Overall, the Argentine government awarded 1,408.7 MW of renewable energy capacity under the tender.

Neoen was also successful in Mexico's tender, also completed in November, with a 377-MWp solar project.

(USD 1 = EUR 0.844)

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Plamena has been a UK-focused reporter for many years. As part of the Renewables Now team she is taking a keen interest in policy moves.

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