The three projects will all be located in the north of the country, one of the regions with the world’s highest levels of solar irradiation.
The solar kits will be installed in rural areas with no connection to the country’s power grid.
The publication of the law in Argentina’s Official Journal marks the entry into force of the new rules for the distributed generation of renewable energy sources under net metering.
The developers of the five newly selected PV projects, which were initially excluded from the round, have agreed to reduce their prices to the levels of those selected in late November. The additional solar capacity has raised the total assigned power for PV up to 816.3 MW.
Under the new rules, which are expected to come into force in the first quarter of 2018, owners of residential and commercial PV systems will be allowed to sell excess power to the grid under a net metering mechanism.
The lowest bid among the selected solar projects was confirmed at US$40.44/MWh. The average price of all the 66 qualified offers for PV was $43.5/MWh.
The average price of all solar bids in Argentina’s third renewable energy auction was US$48.9/MWh. The successful bidders will be announced next week.
PV will compete with 3.8 GW of wind and a few hundreds of megawatts of less established renewable energy sources.
The 300 MW solar park, which consists of the three 100 MW Cauchari projects – 1, 2 and 3 – is being developed by local government-run company Jemse SE.
Argentina’s Ministry of Energy and Mines has published new standards for local PV production, mere days before it plans to announce the winners of the second round of its RenovAr auction program for renewables.
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.