|Policy status:||In Force|
|Date Effective:||2016 (July)|
|Policy Type:||Economic Instruments>Market-based instruments|
|Policy Target:||Wind>Onshore, Solar>Solar photovoltaic>Utility, Bioenergy>Biomass for power|
|Size of Plant Targeted:||Small and Large|
The renewable energy auction programme of Argentina (RenovAr) was set in motion with Resolution No. 136/2016, which:
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:
The summaries of the auction results:
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.
Last modified: Mon, 28 Aug 2017 10:20:40 CEST