RenovAr - New Energy Events

China’s Envision Energy launches first of four renewable energy projects in Argentina
December 2, 2019
Envision Energy Argentina inaugurated the Garcia del Rio wind farm in Buenos Aires—the first of four projects the Chinese company secured in the country as part of the government’s RenovAr renewable energy program. The 10MW park will be followed by Ventos del Secano and Cerro Alto, both 50MW, and the 75-MW Los Meandros. The park’s […]
Argentina launches new tender for 1200 MW of renewables
August 18, 2017
On Aug 16th, Argentina launched the RenovAr Ronda 2 national auction for the supply of 1,200MW of renewable energy capacity. Through the tender, announced via a resolution in the official gazette, authorities will seek to award 550MW wind, 450MW solar, 100MW biomass, 35MW biogas, 15MW biogas from landfills (waste-to-energy) and 50MW small hydropower capacity. Maximum PPA prices […]
Argentina’s RenovAr projects await investors
July 21, 2017
Argentina’s RenovAr program is ambitious in scope, endeavoring to grow renewables to 20% of the national energy matrix by 2025. RenovAr held two energy auctions which resulted in 59 auctioned projects totaling 2.4 GW of new renewable capacity valued at $4 billion. However, many companies who bid for these projects are still in search of […]
Argentina to finalize more PPA’s this month
March 6, 2017
Six bioenergy and small hydro projects that won the RenovAr 1 auction are due to sign their power purchase agreements (PPAs) by March 2, Energia Estrategica said. The other 23 winning projects from that auction round have already concluded their contracts. Energia Estrategica also reported that the government would extend by one more month, till […]
Argentina: financing RenovAR
February 15, 2017
Reposted from National Law Review. 2017 will be a year of truth for Argentina’s ambitious renewable energy program (“RenovAR”), which launched in 2015 and set a mandatory renewable energy target of 20 percent by the end of 2025, with incremental targets every two years. In addition to implementing positive reforms in the energy sector, the RenovAR […]
Argentina: 818 MW of new renewables contracts signed from RenovAr auction
January 24, 2017
Argentina’s Ministry of Mines and Energy announced on Monday it has signed contracts for 818 MW of new renewable energy with winners from the RenovAr 1 tender. The 16 projects represent almost 72% of the total awards in the first tender round of the RenovAr renewables programme, which reached 1,142 MW. More details on the […]
Argentina: Germany’s Nordex to build 148 MW wind
January 4, 2017
Argentina continues to bring new companies to the Latin American renewables growth market, with Germany’s Nordex Group the latest to announce their entry. With the award of two contracts for the construction of wind farms with a combined capacity of 148 MW, the Nordex Group has successfully entered the new growth market Argentina in December. […]
Argentina: $133m from Green Climate Fund for RenovAr projects
December 21, 2016
The Green Climate Fund (GCF) has approved USD 133 million (EUR 128m) in funding for green energy projects in Argentina at its final board meeting for the year. The Argentine energy ministry further explained the funds will go towards financial guarantees and to extend loans for projects that secured contracts in the RenovAr renewable energy […]
Argentina doubles renewable energy projects in latest award
November 29, 2016
In a surprising twist to RenovAR 1.5, Argentina has awarded 1281.5 MW of renewable energy capacity, more than double the original ask of 600 MW. “Investors have shown they believe in Argentina,” said Juan José Aranguren, Argentina’s energy minister. A total of 30 projects were selected under this additional tender, including 10 wind projects, representing 765.4 […]