CleanTechies
  • Home
  • Articles
    • Clean Transportation
    • Energy Efficiency
    • Green Building
    • Renewable Energy
    • Recycling & Waste
    • Water & Conservation
  • Contact
    • Editorial
      • General Inquiries
      • Article Submission
    • Advertising
      • Advertising & Sponsorship
      • Guidelines
      • Media Kit
  • Are you a CleanTechie?

CleanTechies

  • Home
  • Articles
    • Clean Transportation
    • Energy Efficiency
    • Green Building
    • Renewable Energy
    • Recycling & Waste
    • Water & Conservation
  • Contact
    • Editorial
      • General Inquiries
      • Article Submission
    • Advertising
      • Advertising & Sponsorship
      • Guidelines
      • Media Kit
  • Are you a CleanTechie?
Tag:

Argentina Renewable Energy Auction

Argentina Gets Massive Response To Planned 1 GW Renewable Energy Auction

Argentina Gets Massive Response To Planned 1 GW Renewable Energy Auction

written by saurabh

Argentina under its first ever renewable energy auction received bids for 6,366MW of capacity, which is more than six times the capacity on offer according the Ministry of Energy and Mining.

A total of 123 of bids were submitted by the interested developers under the first round of the country´s so-called RENEW programme to boost renewables. Out of total 123 bids, 49 bids with a combined capacity of 3,468 MW were submitted by wind project developers, 58 bids for 2,834 MW capacity by solar project developers and balance bids submitted by bioenergy and small hydro developers.

The auction aims to grant support to 1GW of renewable energy plants across the country however auction was heavily over-subscribed with solar submissions totalling 844% of assigned capacity.

Argentina energy ministry will award power purchase contracts to the potential developers on 12 October on assessing the technical and financial proposals.

Potential developers will sign 20-year long-term power purchase contract to sell power from proposed power projects. The projects are scheduled to be completed within two years from the auction. Rules for the first-ever renewable energy auction in Argentina were recently announced by the government. The auction will allocate 1 GW capacity including 300 MW solar power capacity. The project size will vary between 1 to 100 MW.

With this auction, government expects to attract between $1.5 billion and $2 billion investments in the renewable energy sector.

The government has set a target to increase the share of renewable energy to 20% in the energy mix by 2025. Another target called for 8% renewable energy share in electricity consumption by 2017. As a result, several renewable energy auctions are expected to take place in the country over the next few years. The government is expected to auction 10 GW renewable energy capacity by 2025.



September 20, 2016 0 comment
0 Facebook Twitter Google + Pinterest
Argentina Plans 1 GW Renewable Energy Auction In October

Argentina Plans 1 GW Renewable Energy Auction In October

written by saurabh

Argentina has announced details of its first renewable energy tender scheduled to take place in October this year.

Rules for the first-ever renewable energy auction in Argentina were recently announced by the government. The auction will allocate 1 GW capacity including 300 MW solar power capacity. The project size will vary between 1 to 100 MW.

According to the rules, bids will be accepted by 5 September and projects will be allocated to the developers by 12 October. The developers will have around two years to commission the projects. In addition to solar power, wind, biomass and small hydro power technologies will also be represented at the auction.

Earlier, Argentine Minister of Mines and Energy Juan José Aranguren had stated that projects are likely to have installed capacity between 10 MW and 40 MW with wind energy projects likely to dominate the auction.

The government has set a target to increase the share of renewable energy to 20% in the energy mix by 2025. Another target called for 8% renewable energy share in electricity consumption by 2017. As a result, several renewable energy auctions are expected to take place in the country over the next few years. The government is expected to auction 10 GW renewable energy capacity by 2025.

As per the renewable energy country attractiveness index for May 2016 issued by Ernst & Young, Argentina is ranked 18 among 40 countries. The country was a new entrant into the index as the government has announced several financial incentives for the renewable energy sector.



July 31, 2016 0 comment
0 Facebook Twitter Google + Pinterest
Argentina To Hold Its First Renewable Energy Auction This Year

Argentina To Hold Its First Renewable Energy Auction This Year

written by saurabh

The Argentine government had kicked off preparations for the first-ever renewable energy scheduled for later this year.

According to media reports, draft specifications for the auction of 1 GW renewable energy capacity shall be released by the Argentine government next month which will then be opened for comments and suggestions from the stakeholders. The final auction is expected to take place in September this year.

Argentine Minister of Mines and Energy Juan José Aranguren had recently stated that projects based on solar, wind, biomass and small hydro power technologies will be auctioned with project sizes varying between 10 MW and 40 MW. The minister expects wind energy projects to dominate the auction.

The Law of Renewable Energies passed by Argentina in 2015 called 20% share of renewable energy in the energy mix by 2025. The law also mandates 8% renewable energy share in electricity consumption by 2017. At present, the share of renewable energy in electricity consumption is only 1.8%.

Earlier this year, Argentina also approved a separate law that calls for auctions in order to achieve of 10 GW renewable energy capacity which may help meet the ’20% by 2025’ target.

According to reports, Argentina is also in talks with the World Bank to provide investment guarantees for the planned renewable energy projects. The 1 GW auction is expected to attract $2 billion investments while an additional 3 GW capacity planned to be auction over the next 2 years would bring in $5 billion investment.

Around 43% of Argentina’s total greenhouse gas emissions are attributed to the energy sector. The country submitted to the United Nations a proposal to cut emissions by 15% compared to business-as-usual scenario by 2030. This target can be increased to 30% reduction with international support.



May 22, 2016 0 comment
0 Facebook Twitter Google + Pinterest

CleanTechnica.TV

Listen to CleanTech Talk

CleanTech Talk

Free CleanTechnica Newsletters

CleanTechnica's main newsletter (daily)

CleanTechnica's EV newsletter

CleanTechnica's wind newsletter

CleanTechnica's solar newsletter

CleanTechnica's weekly newsletter

Support Our Work

CleanTechnica Clothing & Cups

Recent CleanTechie Bios

Henk Rogers

JB Straubel

Lynn Jurich

Matt Moroney

Kyle Field

Paul Francis

Chelsea Harder

Griff Jurgens

Scott Cooney

The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by, and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.


Back To Top