Solar scores lowest average prices in Argentina’s smaller-scale tender

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
(Credit: Minem Solar)

Solar has emerged as the overall cheapest technology in Argentina’s latest clean energy tender, aimed at smaller-scale installations.

PV winners of the so-called MiniRen auction were contracted at average tariffs of US$57.59/MWh, narrowly outcompeting the US$58.04/MWh scored by wind projects.

The results of the July tender – released this week by Argentina’s Energy Ministry – show 96.75MW worth of contracts was granted to solar, down from initial bidding PV volumes of 128MW.

All in all, the MiniRen tender awarded contracts to a 259.08MW roster of renewable technologies including solar and wind but also biomass, biogas and small hydro power.

Overall, 38 projects across all clean energy power sources secured auction support, out of 52 preselected schemes. PV’s final 13 winners were chosen from an 18-strong group of applicants.

Part of Argentina’s RenovAr programme, the auction was open to 0.5-10MW schemes, although some wind bidders were allowed to bid for a maximum of 13.5MW.

Eight of the 13 solar contracts went to projects of 9MW capacity or more. All 13 winning projects are planned for development in northern and western provinces including Mendoza and Salta.

Despite PV’s lowest average tariff of US$57.59/MWh, the cheapest project on an individual basis – a 12.6MW, US$52.5/MWh scheme in the Córdoba province – was put forward by a wind developer.  

Winners from all technologies will benefit from 20-year, US$-denominated power purchase agreements (PPAs) with Argentina’s power market administrator CAMMESA.

Once up and running, the prevailing 38 schemes are expected to unlock a combined US$368-plus million in investment, 1,000 new jobs and enough power to cover the needs of 250,000 households.  

According to the Ministry, a further 12 failed to line up auction PPAs but will be offered support under separate renewable supply deals, including with government clean energy fund FODER.

The government did not provide a technology breakdown for the 12 unsuccessful renewable applicants, explaining however all 12 had put forward 62.75MW in projects.

Argentina’s smaller-scale auction comes as the country witnesses solar growth on the utility-scale end, with Canadian Solar linking 100MW Cafayate as others working to build 600MW Cauchari.

Read Next

PV Tech Premium
January 19, 2022
Latin America is fast becoming a lucrative solar market as countries ramp up deployment efforts. In this context, Colombia and Panama stand out as key markets to look out for, MPC Energy Solutions' CEO tells PV Tech Premium
January 18, 2022
Solar tracker manufacturer Soltec has signed contracts to supply 610MW of its SF7 bifacial trackers to Enel Green Power for use in two PV plants in Peru and Colombia.
January 13, 2022
Renewable power purchase agreement (PPA) prices in Europe continue to climb, rising 7.8% quarter-on-quarter in response to the continent’s deepening energy crisis, according to new research from  LevelTen Energy, a provider of renewable transaction infrastructure.
January 7, 2022
Renewable energy asset manager Luxcara has reached financial close for a subsidy-free solar project in Germany that will have a capacity of at least 171MWp and supply power to Volkswagen.
December 15, 2021
Canadian Solar has completed the sale of a 635MWp solar PV plant in Brazil to renewable energy company VTRM Energia Participações.
December 2, 2021
‘Solar Module Super League’ member JinkoSolar has signed a 2GW module supply deal with Brazilian PV distributor Aldo Solar.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
January 26, 2022
Free Webinar
Solar Media Events
February 23, 2022
London, UK
Solar Media Events
March 8, 2022
London, UK
Solar Media Events
March 23, 2022
Austin, Texas, USA
Solar Media Events
March 29, 2022
Lisbon, Portugal