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Argentina

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

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.

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

Argentina To Get International Funding For 100 MW Solar Power Projects

written by saurabh

Argentina is expected to receive international debt funding for implementation of solar power projects.

According to recent media reports, the Inter-American Investment Corporation (IIC), part of the Inter-American Development Bank, will provide funding for sola power projects with total capacity of 100 MW. Reports state that the IIC is willing to provide $27 million to finance solar power projects and projects based on municipal solid waste.

The solar power projects will be allocated to prospective developers through competitive bidding process.

Argentina is planning to hold its first-ever renewable energy auction later this year. The auction is expected to include projects based on solar, wind, biomass and small hydro power technologies. Argentine Minister of Mines and Energy Juan José Aranguren had recently stated that projects are likely to have installed capacity between 10 MW and 40 MW with wind energy projects likely to dominate the auction.

Final allocation of these projects are likely to take place by September this year.
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 September auction is expected to allocate 1 GW capacity while the government is expected to auction a total of 10 GW capacity to meet the 2025 target.

As per the latest renewable energy country attractiveness index 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.

May 27, 2016 0 comment

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

700 MW Of Solar Planned For Argentina Region By German Company

written by CleanTechies.com Contributor

Originally published on Sustainnovate.

The province of Jujuy in Argentina will be developing 700 megawatts (MW) of new solar photovoltaic (PV) projects with the German company Photovoltaic Park following the signing of letter of intent between the two, according to recent reports.

The new solar PV generation capacity will be spread across 3 different projects, located in different parts of the province, and will cost somewhere around $1.4 billion to develop.

The electricity generated by the projects will reportedly be fed into the Sistema Interconectado Nacional (SIN) network for wider use.

To be more specific on locations, the development plans call a 300 MW project in Villa Union, a 100 MW project in Chamical, and a 300 MW project just east of the capital city of La Rioja.

The governor Sergio Casas commented that diversifying the province’s energy mix was an “important” motive behind the plans, and also that there would be over 1,000 construction jobs and 150 permanent ones created by the development.

He continued: “We have already presented to the President of the Nation and the ministers of Interior and Energy the concrete possibility that La Rioja can produce over 1,400 MW between different forms of generation, wind, solar, and hydro with the Blanco river in the mountains. In this way it will be changing the profile and the matrix of the province.”

The province is reportedly set to produce more electricity than it uses within only 2 years, thereby becoming a net energy exporter.

Image by La Rioja government

March 19, 2016 0 comment

Top Ten Highlights of Cleantech in Argentina

written by Shawn Lesser

After a crippling energy crisis in 2004, a result of a natural gas shortage created by a demand for the dwindling, high-priced supply, Argentina has increased their effort to diversify energy sources, and create more sources of renewable energy. Through much research and development, as well as attracting investments, Argentina is starting to build up its cleantech sector,

February 17, 2011 0 comment

Chile fighting climate change — role model for the (developing) world

written by Robert M. Speiser

“No doubts remain. Climate change is real and the build-up of greenhouse gases in our atmosphere is increasingly at an alarming rate.” With these words, Rafael Quiroga, General Manager of Accion RSE, initiated the seminar “Corporate Strategic Management of Climate Change and Greenhouse Gas (GHG) Emissions.” This is not another “green business” seminar from a European or North American city, it took place here — in Santiago, Chile.

The event brought together speakers from the Chilean private sector that gave concrete examples of their companies’ climate change and GHG management initiatives. First, it showed how Essbio, a water purification company, has been dealing with the ever-prescient and escalating challenges of decreasing water reserves due to climate change. Second, it illustrated the emissions and energy reductions Xstrata Copper, a mining company, has committed to and the steps it has taken to minimize the release of contaminants in its industrial processes. Third, it explained what Natura cosmetics has done since 2007 to become a “carbon neutral” business by calculating all GHG emissions in the company’s supply chain, transportation, and production of its various cosmetics products, and purchasing the equivalent amount of CO2 tonnage in carbon credits on the international carbon markets.

July 29, 2009 0 comment