Argentina’s first energy storage tender drew 1.347 GW of bids from 15 companies proposing 27 projects, exceeding the 500 MW target and representing more than $1 billion in pledged investment.
Aisa Group is seeking to secure financial incentive to build a massive photovoltaic park in the department of Jáchal, province of San Juan, with an estimated investment of $600 million. The project includes supplying energy to industrial users and the national electricity grid.
According to the latest monthly report for May, issued by CAMMESA, solar power reached 1,933 MW, representing 4.4% of the total. A total of 46 MW was commissioned in the month in question.
Argentina’s AlmaGBA tender for the Buenos Aires metro area will pay a fixed $10/MW of electricity supplied, with storage capacity bids capped at $15,000/MW per month.
Researchers studying decommissioned wind and solar farms in Italy, Spain, Venezuela, and Argentina have found that weak regulations risk leaving more abandoned assets in their wake.
The Argentinean authorities plan to install the new storage capacity in critical nodes of the metropolitan area of Buenos Aires, with an estimated investment of $500 million and an execution period of between 12 and 18 months.
Argentina installed 307 MW of solar in 2024, bringing its total PV capacity to 1.67 GW by year-end, according to energy market operator Cammesa.
Verano Energy, a renewables developer headquartered in Chile, has started building a 200 MW solar project in western Argentina. The installation is due for completion and connection before the end of 2025.
Part of mining company POSCO Argentina’s Sal de Oro integral lithium project, the plant was inaugurated at the General Güemes Industrial Park in the city of Salta. It is estimated to produce 25,000 tons of lithium hydroxide per year.
YPF Luz says it is ready to start building a 305 MW solar project in Mendoza, Argentina, with an initial phase of 200 MW.
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