Argentina awards contracts in renewable auction
Argentina's Secretariat of Energy has awarded contracts to almost 100 projects in the RenMDI renewable auction.
15-year contracts with Cammesa, Argentina’s wholesale electricity administrator, were awarded with generation of up to 517MW set to replace forced conventional generation and 120MW for projects that will diversify the energy matrix of the country.
For the first 517MW, the winning projects are divided:
Solar - 453MW, 41 projects
Solar-plus-storage - 51MW, 3 projects
Wind - 10MW, 1 project
Biomass - 3MW, 1 project
Energías Renovables Las Lomas (127MW), Coral Consultoría en Energía (110MW), 360Energy (51.5MW), Windearth Patagonia (49.5MW) and Genneia (40MW) were among the biggest winners.
The remaining 120MW include:
Small hydroelectric - 38MW, 19 projects
Biogas - 30MW, 24 projects
Biomass - 39MW, 7 projects
Waste-to-energy - 13MW, 2 projects
Prices for the first 517MW awarded averaged around $74/MWh, with the highest prices for the biomass ($146/MWh) and wind ($115/MWh) projects. Prices for the projects that will diversify the matrix were averaging around $154/MWh with highest prices for biogas projects and lowest for small hydro projects.
Argentina launched the auction earlier this year and originally anticipated to award contracts for 620MW worth of renewable projects across the country (PFR, 5/2). The auction attracted 201 projects totaling 2085MW of capacity in qualifying economic offers from 65 companies. This was the country’s first renewable auction since 2019.