The new decree, which regulates the law for DG promulgated at the end of 2017, is intended to support distributed generation of renewable energy sources under net metering. The fund for DG, though, has shrunk by half in value thanks to currency depreciation.
The mini-tender will be held under the RenovAr program for large-scale renewables, but will be limited to projects not exceeding 10 MW in size. The quota for solar and wind will be around 350 MW. Auctions for projects larger than 10 MW were suspended by the Argentinean government in early August.
The sixth edition of Intersolar South America in Sao Paulo has showed unequivocally that both international and Brazilian players firmly believe in the big potential of the Brazilian solar market, despite the current political uncertainty and usual economic challenges. Overall, the event was larger and of a higher quality than last year, while in the absence of future dates for new large-scale solar auctions, and stable conditions for private PPAs, DG is emerging as the market’s main driver.
The Guañizuil II A project was selected by Argentina’s government under phase two of the third round (Ronda 2) of the country’s renewable energy program, Renovar.
The Argentinean energy company has agreed to buy three utility-scale projects selected by the Ministry of Energy and Mines in the second round (Ronda 1.5) of the Renovar program.
This new transaction is intended to support projects selected in Round 3 of Argentina’s renewable energy program for large-scale projects. The funds are expected to leverage private investments for an amount that should be nine times higher than the value of the guarantee.
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.
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