$40.44/MWh Lowest PV Bid in Argentina

Round 2 Of Argentinian Tender Awards 556.8 MW PV While Wind Laps Up Even Higher Share Of 665.8 MW
08:41 PM (Beijing Time) - 01. December 2017
n_markets_argentina_$40.44:MWh Lowest PV Bid in Argentina_ab 2017-11-24

Wind was cheaper and awarded more capacity than solar in Argentina’s second RES auction round. According to the Ministry of Energy and Mining, the lowest bid for wind energy in the auction was $37.3 per MWh, it won 665.8 MW of the 1.4 GW. (photo credit: Argentinian Ministry of Energy and Mining)

Key Takeaways

 

  • Solar was awarded 556.8 MW of total renewables share in the latest auction round of Argentina’s RenovAR program, wind won 665.8 MW
  • The lowest PV bid received was $40.44 per MWh, the lowest price for wind power was as low as $37.3 per MWh
  • PV has now secured 1.45 GW of total capacity awarded under the renewable energy auction rounds so far

Solar technology attracted bids as low as $40.44 per MWh in Round 2 of Argentina’s RenovAr program. The average price for solar was $43.5/MWh. The Ministry of Energy and Mining awarded 556.8 MW of PV capacity in the auction. Total renewable capacity awarded was 1,408.7 MW.

This time the price for solar PV is lower compared to the first two auction rounds in 2016 – Round 1 and Round 1.5, when the lowest solar bid was $52.3 per MWh.

Wind was cheaper and awarded more capacity than solar. According to the Ministry of Energy and Mining, the lowest bid for wind energy in the auction was $37.48 per MWh, it won 665.8 MW of the 1.41 GW. Other technologies that were part of the tender process were biomass, biogas, biogas from landfills and small hydropower, winning together 186 MW.

The second round was originally targeting 1.2 GW (see Argentina Launches 1.2 GW RES Tender), but was heavily oversubscribed with 228 offers for a total of 9.4 GW, of which 194 and 7.6 GW qualified, while 66 projects finally won a total of 1.4 GW.

PV has now secured 1.45 GW of total capacity awarded under the renewable energy auction rounds so far.

A summary of all RenovAr program rounds and the list of winners can be seen here.

 

Anu Bhambhani

Anu Bhambhani is the News Editor of TaiyangNews

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Anu Bhambhani