The planned fourth round of the RenovAr program will probably not be held this year or next. The Argentinian government says grid constraints and difficult financing conditions may increase the auction’s prices.
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 project, to be developed in the province of San Juan, was selected by the Argentinean government in the second auction round (Ronda 1.5) of the RenovAr program for large-scale renewable energy projects.
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.
The solar facility, planned to be built in the northwestern province of Salta, was awarded a 20-year PPA in the second round (Ronda 1.5) of the Argentinean program for large-scale renewable energy projects, RenovAr.
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.
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.
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