CAMMESA (Compañía Administradora del Mercado Mayorista Eléctrico), the administrator of Argentina's wholesale electricity market, has launched the 1000 MW tender process "RenovAr" to carry out several renewable energy projects.
More concretely, the tender comprises 600 MW of wind, 300 MW of photovoltaic, 65 MW of biomass, 15 MW of biogas and 20 MW of PAH. Winning bids will be announced by late September.
The auction is expected to attract companies to invest about $2.1 billion. The new facilities are scheduled to be generating power by October 2018.
According to sources, Argentine President Mauricio Macri, stated:
“Our country has enormous potential to produce wind and solar energy. In just a few months we expect to receive a ton of bids from all over the world.”
The tender is part of Argentina's energy plan to increase the amount of electricity produced from renewable energy sources. The country's government is hoping to add approximately 10,000 MW of new cleaner energy over the next decade.
In October 2015, the government approved a new law decreeing that, by 2017, the country must generate 8% of its electricity from renewable energy sources. Additionally, the bill calls for this percentage to increase to 20% by 2020.
See tender documents: