Argentina 1GW Tender Attracts 6.37GW of Bids

Developers hungry to get into the Argentinian renewable energy market showed up in a big way for the tender, applying to sell 6,366 MW of power in an October auction – more than six times the amount the government called for. “I’ve never expected 6,000 megawatts,” Energy Minister Juan Jose Aranguren told reporters in Buenos Aires on Monday. “The first round of our program meets our goal to diversify the energy mix, having new energy costs so that we have enough to power the country’s development, and to reduce the impact of these activities on climate change.” More than half of the bids came from wind energy, while solar projects accounted for 2,834 MW and biogas and biomass each had 53 MW.

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