Argentina receives 123 bids in renewables program
The energy ministry of Argentina has announced that the country's RenovAr 1 programme has attracted a total of 123 bids for 6,336 MW of power capacity.
The bids were submitted under the first round of the country´s so-called RenovAr 1 programme, a renewable energy supply tender that will award a total of 1GW of capacity.
According to the energy ministry, the proposals include 49 bids with a total capacity of 3,468 MW from wind project developers, and 58 bids with a total capacity of 2,834 MW from solar companies. The remaining bids belong to bioenergy and small hydro developers, which offered 53 MW and 11 MW, respectively.
It is expected that the government will award PPA contracts for up to 20 years at rates per MWh in US dollars. The economic bids are scheduled to be opened on 7 October, while the selected developers are expected to be announced on 12 October.
In late August, we reported that Spanish developer Solarpack announced that it won the tender to develop a photo-voltaic (PV) solar project in Chile through a new world record-low PV price of US$29.10/MWh. The contract for the supply of 280 GWh annually was awarded under the Supply Tender 2015/01, latest Chile’s power supply auction.
Country news
-
-
August 01, 2016
Argentina launches tender documents for 1,000 MW renewables program
CAMMESA (Compañía Administradora del Mercado Mayorista Eléctrico), the administrator of Argentina's wholesale electricity market, has launched a tender process to carry out several renewable energy projects. Read more -
June 28, 2016
YPF signs deal with General Electric to invest in power project in Tucuman
State-owned YPF and US General Electric (GE) have signed a US$170 million agreement for the development of a power plant in Tucumán province, Argentina. Read more -
May 19, 2016
Argentina to hold first renewable energy auction
President Mauricio Macri has announced the start of "Plan RenovAr", a new plan that aims to boost renewable energy production in Argentina. Read more -
May 18, 2016
YPF to invest US$200mn in 100 MW wind farm in Argentina
YPF, Argentina's state-owned oil company, has plans to carry out an investment of US$200 million in a 100 MW wind farm project near Comodoro Rivadavia, Argentina. Read more -
May 13, 2016
IFC structures debt for refinery project in Argentina
IFC, a member of the World Bank Group, has signed a $378 million financing package with Axion Energy Argentina to help the company expand and upgrade its oil refining capacity in the country. Read more
