IPPToday #41: Argentina launches 1.2 GW round 2 renewable auction
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The Government of Argentina has launched the RenovAr Ronda 2 national auction, comprising 1,200 MW of renewable energy capacity.
The tender was announced in the Official Gazette of Argentina. Details on the source capacity delivery and maximum prices are set in the table below:
|Wind||550 MW||US$ 56.25|
|Solar||450 MW||US$ 57.04|
|Biomass||100 MW||US$ 110|
|Biogas||35 MW||US$ 160|
|Biogas from landfills||15 MW||US$ 130|
|Small hydropower||50 MW||US$ 105|
Authorities will offer incentives for biomass and biogas initiatives based on the scale of projects. Technical and economic offers are due October 19, with the winners of PPAs scheduled to be announced by November 29.
As we reported in early March, the World Bank approved a US$480 million guarantee to promote private investment in renewable energy projects under the RenovAr Program.
The RenovAr Program was implemented in 2016 through two tender rounds (known as Round 1 and Round 1.5) to award 59 projects. These projects will generate more than 2.4 GW and will be implemented throughout the country. Of the total, 27 projects requested the World Bank guarantee, including 12 wind projects (721 MW), 10 solar projects (306 MW), four small-scale hydro projects (4 MW) and one biogas project (1 MW).
In January, Argentina's Ministry of Mines and Energy signed the contracts with seven developers, for 315 MW of the 1,142 MW awarded in the first round of its renewable energy auction, RenovAr 1. The projects includeed five wind farms, one biomass and one biogas plants.
The RenovAr initiative seeks to stimulate power generation from wind, solar, biomass, biogas and small-scale hydro sources to achieve the 20 percent renewable energy target by 2025.
We have lately informed about different renewable energy projects in Argentina:
- 40 MW Biomass project in Corrientes
- 42 MW Nonogasta Solar park in La Rioja
- 1,310 MW Néstor Kirchner - Jorge Cepernic hydro complex
- 25 MW Lujan de Cayo solar plant in Mendoza
- 20 MW Lavalle solar plant in Mendoza
- 100 MW La Puna solar project in Salta
- 220 MW Madryn wind farm in Chubut
- 45 MW biomass plant in the Tucuman province
- 100 MW Manantiales Behr wind park in Chubut province