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Argentina launches 1.2GW RenovAr Ronda 2 renewable tender

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 for the respective technologies were set at US$56.25/MWh, US$57.04/MWh, US$110/MWh, US$160/MWh, US$130/MWh and US$105/MWh.

For biomass and biogas initiatives, authorities will offer incentives based on the scale of projects.

Technical and economic offers are due October 19, with the signing of PPAs scheduled for November 29.

Winning bidders will be able to tap the FODER national renewable energy trust, to which the World Bank committed US$480mn last week, for financing.

The tender launch follows the RenovAr Ronda 1 and Ronda 1.5 auctions, through which 2.4GW of renewable projects were awarded in 2016.

Click here to view the resolution and download reference terms for the tender, including the required bid bonds and geographic distribution of projects to be awarded.

 


Harris Gomez Group is a Common Law firm, with offices in Santiago, Bogotá, and Sydney. We also have legal teams in Mexico, Peru, Brazil, and Argentina. Over the last 16 years, we have been supporting foreign companies with their growth in Latin America. Many of our clients are technology companies, service providers and engineering companies that focus on the mining, energy and infrastructure markets.

To better understand how we can support your management team in the Region, please contact Cody Mcfarlane at cmm@hgomezgroup.com