Argentinia's first renewable-energy tender secures 1.1 GW
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.
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 in renewable power like we have been in many other areas in the past,” said President Mauricio Macri at the signing ceremony in Buenos Aires late on Monday.

As well as the wind and solar projects, the Mines and Energy Ministry also signed contracts for 12.5MW