The Ministry of Energy and Mining of Argentina has announced in a document published in the official journal that five photovoltaic projects, which had not been initially selected in Round 3 (Ronda 2) of the Argentinean program for the promotion of large-scale renewable energy projects, RenovAr have now been accepted.
As revealed by local press, the developers of the recovered projects have agreed to adapt their bids to the price levels recorded for those projects previously selected in Ronda, which was held at the end of November and saw the allocation of 556.8 MW of PV power.
The lowest price for solar projects was $40.4/MWh, while the highest and the average prices were $52.3/MWh and $43.5/MWh, respectively.
Overall, the five new projects will have a combined capacity of 259.5 MW and will be located in the provinces of San Juan, Mendoza, La Rioja and Catamarca.
A 72 MW project will be developed in San Juan by the Argentine developer 360 Energy and will sell electricity to the Electricity Wholesale Market Administrator (CAMMESA) for 20 years at a price of $40.8/MWh.
A second 100 MW project, also located in San Juan and developed by Martifer Renewables SGPS SA, will sell electricity at a price of $41.7/MWh, as will the other three projects.
One of these three plants will have a power of 49.5 MW and will be constructed by investor Miguel Oneto, while the other two, with a capacity of 1 MW and 37 MW, respectively, will be installed in La Rioja and Mendoza by the companies, Nonogasta Solar Energy and Monteverdi & Gray Group Limited.
Including these five additional projects, the total power allocated in Ronda of the Renovar program now amounts to 816.3 MW
Overall, the Argentine government has awarded renewables projects with an aggregate capacity of 634.3 MW in Ronda 2, thus bringing the total assigned capacity in the auction to 2.043 GW.
Under the first two rounds of the program, the Argentinean government approved a total of 900 MW of solar projects. This means that, overall, under the three auctions, the allocated capacity for large-scale solar projects is around 1.7 GW.