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 20% of its power from non-large-hydro renewable sources by 2018, rising to 8% 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.
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.