Argentina’s government has signed contracts for 707MW of wind and 400MW of solar PV projects from Round 1 of its RenovAr renewable energy tender.“We hope that in a few years we’ll be able to show that Argentina is leader
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 .