UPDATE - Argentina launches additional 600-MW renewables tender
Argentina will conduct a second phase of its Round 2 tender under RenovAr renewable energy auction programme, allowing another 600 MW of projects to secure contracts.
The country's Ministry of Energy and Mines made the announcement on Wednesday as it announced the Round 2 winners. A total of 1,408.7 MW of projects were successful across wind, solar, biomass, biogas, landfill biogas and small hydropower technologies. The government had said it would award 1,200 MW of capacity under the tender, with sub quotas per technology, and attracted 9,391 MW of bids.
The ministry is launching phase 2 of the current round, sized at 50% of the original quota, or 600 MW. Energy minister Juan Aranguren said the government is thus providing an additional opportunity to the market, especially to projects not successful in the first part of the competition, adding that they will be invited to match the average price of awarded projects.
A document released by the government says the phase 2 invitation prices for wind and solar are USD 40.27 (EUR 34.05) and USD 41.76 per MWh, respectively.
The first round of the RenovAr programme last year was also followed by an additional round 1.5, where almost 1.3 GW of projects were awarded, compared to 600 MW sought across wind and solar.