- First auction under Argentina’s RenovAr program announced
- Total capacity tender is 1 GW
- Both national and international developers are eligible to participate in the auction
- Bidders for solar power projects can bid for a minimum of 1 MW to a maximum of 100 MW
Argentina is tendering 1 GW capacity of power projects, the first round of auctions under the country’s renewable energy program, RenovAr.
Detailed tender terms and conditions were published for which both national and international developers are eligible to participate. The Ministry of Energy and Mining has allocated a maximum capacity of 600 MW for wind power, 300 MW for solar PV, 65 MW for biomass, 15 MW to Biogas and 20 MW to Polycyclic Aromatic Hydrocarbons (PAH).
Bidders can bid for a minimum of 1 MW and a maximum of 100 MW solar PV. Winners will be eligible to get tax benefits under the Renewable Energy Development Program. For PV projects, the maximum benefit is set at $720,000 per MW.
A consultation period for interested developers has started. Further information about the auction can be found on the RenovAr website.
Recently, the country also called bids for 6,520 solar standalone PV systems for its off-grid tender (see Argentina PV Off-Grid Tender). This is part of the country’s plan to increase the use of renewables in remote areas.
Under RenovAr, Argentina plans to add 10,000 MW of renewable energy capacity in the next 10 years, 20% of its total power generation.