The government of Argentina has launched a “mini-tender” for 400 MW of renewable energy generation capacity, after the exercise was announced in early September.
The auction is the fourth round of the RenovAr program for large-scale renewable energy projects.
The Ministry of Energy and Mines has set a ceiling price of $60/MWh for the solar and wind power generated. Maximum quotas of fiscal benefits for each category of energy were also fixed, at $630,000/MW for wind; $382,500 for PV; $1.12 million for biomass; $2.02 million for biogas; $585,000 for biogas landfill; and $1.26 million for small hydro.
The ministry also determined “reference values for investments for each technology, for the purposes of calculating the necessary expenditures to achieve the effective principle of execution of each project”. For wind, the reference value is $1.4 million/MW; for solar $850,000; for biomass $2.5 million; for biogas $4.5 million; for biogas landfill $1.3 million; and for small hydro $2.8 million.
Under the first three rounds of the RenovAr program, 1.7 GW of solar projects were approved. In the last round, the lowest price for solar was $40.4/MWh, with the highest and average prices $52.3/MWh and $43.5/MWh, respectively.