INTIEAArgentina · Argentina Renewable Energy Auctions - RenovAr Program (Round 1)PolicyIn force

Argentina Renewable Energy Auctions - RenovAr Program (Round 1)

The renewable energy auction programme of Argentina (RenovAr) was set in motion with Resolution No. 136/2016, which: Launches an auction process so that bidders can apply to the first round of RenovAr program Approves the bidding terms and conditions of the auction, and…

Last changed 9 years ago.

Extracted view for reading · Original for compliance evidence

Lifecycle

  1. Effective
  2. Last change

Country / jurisdiction: Argentina · Year: 2016 · Status: In force · Level: National · Type: Voluntary

The renewable energy auction programme of Argentina (RenovAr) was set in motion with Resolution No. 136/2016, which:

Launches an auction process so that bidders can apply to the first round of RenovAr program

Approves the bidding terms and conditions of the auction, and

Approves the Power Purchase Agreements (PPA) for renewable electricity.

The resolution builds upon the framework defined by Decree 531 and Law 27.191.

The first round of RenovAr auctions was announced in July 2016. All bidders were asked to comply with several requirements, including:

Provide evidence of: proprietary rights over the site location; relevant environmental licenses and permits; acceptable and certified assessment of resources report.

Prove that they have a minimum capital of USD 250,000/MW of power tendered; and provide acceptable guarantees for maintaining the offer (USD 35,000/MW); and fulfilling the contract (USD 250,000/MW).

Have at least 12 months of measurement data.

The summaries of the auction results:

Technology

Capacity Bid (MW)

Capacity Contracted (MW)

Average Price (USD/MWh)

Minimum Price (USD/MWh)

Wind

3,478

708

59.4

49.1

Solar

2,834

400

59.7

59.0

Biogas

53

1.2

118

111.1

Total

6,346

1,109

RenovAr 1 st round tender – w inning projects

Technology

Winning company

Project capacity

Name of the project

Province

Average price of awarded PPA

Onshore wind

Envision

50 MW

Cerro Alto

Río Negro

USD 59.4/MWh

75 MW

Los Meandros

Neuquén

50 MW

Vientos del Secano

Buenos Aires

10 MW

García del Río

Central Térmica Loma La Lata, a subsidiary of Pampa Energía

100 MW

Corti

Buenos Aires

Pan American Energy and 3-Gal

24 MW

Garayalde

Chubut

Consortium Enat-SEG-Otamendi-Nuevo Cerro Dragón

24 MW

Kosten

Eren

97 MW

Vientos Los Hércules

Santa Cruz

Arauco SAPEM

100 MW

Arauco

La Rioja

Solar PV

JEMSE

300 MW

1 st ,2 nd   and 3 rd solar parks (each park 100 MW)

Cauchari

USD 59.7/MWh

Fieldfare and Isolux Corsan

100 MW

4 th solar park

Salta

Biogas

Martín Bacarato

1.2 MW

Ricardone

Santa Fe

USD 118/MWh

123 bids were submitted, for a total capacity of 6,346 MW: the wind capacity was nearly six-time oversubscribed (3,469 MW), while the solar capacity was 9-times oversubscribed (2,813 MW).  Winning projects received contracts for period of 20 years.  The selected projects must be completed in a timeframe of two years.

Given huge participation and low bidding prices, government decided to hold a second round of auctions (called RenovAr 1.5 ) in mid-November 2016 for additional 400 MW of wind and 200 MW of solar PV capacity. Only companies that qualified in the first round of auction, but failed to win a contract, can participate in the RenovAr 1.5.

The second auction round (called  RenovAr 2 ) will take place in the first quarter of 2017.

Official source: http://servicios.infoleg.gob.ar/infolegInternet/anexos/260000-264999/263786/norma.htm

Source

https://www.iea.org/policies/6130

Canonical document at the regulator. Always cite this URL — not the Vantage detail page — in compliance evidence.

Related in International

INTEnergy Newsoilprice:oilprice-article-45490NewsIn force

Oil Industry Braces for Years-Long Iran War

Oil producers, traders, and refiners are bracing for a prolonged war between the United States and Iran in the Persian Gulf with little to no hope of a quick resolution. By extension, they are also preparing for higher prices for longer, a theme present at this year’s edition of the Asia Pacific Petroleum Conference. Reuters’ Clyde Russell reported this week that the mood at APPEC was not particularly cheerful as hostilities in the Middle East escalate once again, suggesting achieving peace would be quite a challenge. The Reuters columnist…

18 hours ago
INTEnergy Newsoilprice:oilprice-article-45486NewsIn force

Stolen Electricity is Powering Illegal Crypto Farms Across the Globe

Electricity theft is a global problem, and it’s getting more dire all the time. While the problem is most common in developing countries, where grid infrastructure is limited and utilities and state authorities have lower oversight capacities, developed countries are not immune either. This theft can occur in many forms and at many scales, from individuals tapping into power lines to power their individual residences to large-scale and sophisticated theft schemes to power entire cryptocurrency mining farms. Just this week, Mexican authorities…

20 hours ago
INTEnergy Newsoilprice:oilprice-article-45475NewsIn force

The Race to Solve Nuclear Energy’s Biggest Problem

Nuclear power is growing in popularity once again as governments worldwide look to diversify their energy mix and reduce reliance on fossil fuels. Several countries are now looking to develop or expand their nuclear energy capacity over the coming decades. However, one challenge remains – nuclear waste. Disposing of waste materials from nuclear energy operations remains a complex task with no perfect solution. As countries worldwide have grown their nuclear power capacity, many governments are still struggling to decide on the best solution…

22 hours ago
INTEnergy Newsoilprice:oilprice-article-45473NewsIn force

Iran’s Security Crackdown Runs Into Resistance From Within

Iran's parliament is trying to turn fears of foreign infiltration into law. But as lawmakers work through the legislation, the debate is exposing an increasingly awkward question for the Islamic Republic: How far should the state go in policing Iranians' contact with the outside world? At the center of that debate is Parliament Speaker Mohammad Baqer Qalibaf, who, at least publicly, is doing a balancing act. He has defended the need for tougher measures against foreign infiltration while warning that the current draft of the legislation goes too…

24 hours ago
INTEnergy Newsoilprice:oilprice-article-45474NewsIn force

Why More Homes Are Switching From Gas to Heat Pumps

Heat pumps are becoming an increasingly popular alternative to gas-powered central heating systems and are increasingly being used in new construction, often driven by government incentives. A heat pump uses technology similar to that found in a refrigerator or an air conditioner, extracting heat from a source, such as the surrounding air, and amplifying and transferring the heat to where it is needed. As most of the heat is transferred rather than generated, heat pumps are far more efficient than conventional heating technologies such as boilers…

1 day ago