Argentina 's first renewable energy tender has resulted in 1.1 GW of contracts signed , 707 MW of wind generation capacity and 400 MW of solar PV . The heavily - oversubscribed auction saw an average price of $ 61.33 / MWh , and goes towards the South American nation 's goal of generating 80 % of its power from non - large - hydro renewable sources by 2018 , rising to 20 % by the end of 2025 . At the same time , 16 compulsory purchase agreements were also signed , featuring grid operator Cammesa , the government renewable energy fund plc and Argentina ’s investment bank plc .
Argentina's first renewable energy tender has resulted in 1.1 GW of contracts signed, 707 MW of wind generation capacity and 400 MW of solar PV. The heavily-oversubscribed auction saw an average price of $61.33/MWh, and goes towards the South American nation's target of generating 8% of its power from non-large-hydro renewable sources by 2018, rising to 20% by the end of 2025. At the same time, 16 power purchase agreements were also signed, featuring grid operator Cammesa, the government renewable energy fund FODER and Argentina’s Exim bank BICE.