Argentina launches 400 MW mini renewables auction

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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.