Argentina attracts more than 2GW in renewable auction
Argentina's Secretariat of Energy has received more than 2GW of renewable energy project bids in a tender launched earlier this year.
The agency received 204 project proposals, representing an investment of more than $2 billion.
Under the RenMDI renewable tender Argentina is looking to award 15-year contracts with Cammesa, Argentina’s wholesale electricity administrator, for a total of 620MW of renewable generation.
500MW of capacity will be awarded to solar, solar-plus-storage, wind fitted with storage and biomass projects with an individual capacity between 3MW and 20MW to replace forced generation and strengthen the grid in certain provinces.
The remaining 120MW capacity will be awarded to small-scale projects to biogas, small hydroelectric and additional biomass projects with capacity between 0.5MW and 20MW to diversify the grid.
For the first 500MW, projects received included:
Solar - 1349MW, 101 projects
Solar-plus-storage - 532MW, 35 projects
Biomass - 57MW, 9 projects
Wind - 30MW, 3 projects
Projects submitted are located across provinces with Sante Fe hosting the most, followed by the provinces of Buenos Aires and Chaco.
For the remaining 120MW, projects received included:
Hydroelectric - 56MW, 25 projects
Biogas - 55MW, 29 projects
Biomass - 13MW, 2 projects
More than 60 companies presented offers. Industrias Juan F. Secco, Coral Consultoria, 360 Energy, Genneia, YPF Luz were among the bidders with the most projects submitted.
Contracts are scheduled to be awarded on July 6.
This is the country’s first renewable auction since 2019. Argentina is aiming to cover 20% of the country’s energy consumption with renewable generation by 2025.