Argentina generators sign RenovAr PPAs for 818MW

Tuesday, January 24, 2017

Argentine President Mauricio Macri announced the signing of PPAs for 16 renewable energy projects totaling 818MW that were awarded through the RenovAr Ronda 1 national tender.

The projects, which can be viewed here, comprise seven wind farms, four small hydropower projects, four solar parks and a biogas plant.

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The projects will be developed by Central Térmica Loma La Lata (a subsidiary of Pampa Energía), Eren, Envision Energy-Sowitec, Envision Energy, Patagonia Energía, Fieldfare-Isolux, Emesa-Constructora Eléctrica del Oeste, Enat-SEG Ingeniería-Otamendi-Nuevo Cerro Dragón, Nacarato and Jemse.

Emesa and Jemse are the state-owned energy companies of Mendoza and Jujuy provinces, respectively.

Through the RenovAr Ronda 1 and Ronda 1.5 auctions, a total of 2,424MW of clean energy projects requiring US$4bn of investment were awarded, with PPAs clearing at an average price of US$57.4/MWh.

Once in operation, the projects will generate 8.3TWh/y of electricity, the energy and mining ministry said in a statement, equal to 5.7% of projected demand for 2018.

So far, PPAs have been signed for 1,133MW of the 2,424MW awarded. Under the supply agreements, wholesale power market administrator Cammesa is the offtaker.