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.