Argentina has awarded 128 MW of wind energy capacity and 97 MW of solar power in its latest RenovAr renewable energy auction.
Ten wind power projects were contracted for an average price of $58.04/MWh, while 13 solar plants were contracted for $57.59/MWh, after a $60/MWh cap on prices was set.
Biomass, biogas and small hydro projects won a further 34 MW of capacity combined in the auction, which was aimed at small-scale projects unaffected by grid constraint problems in the country.
Elawan, formerly known as Gestamp, secured nine wind projects to be located in the regions of Buenos Aires, Cordoba, Santa Cruz and La Pampa. PE Adelia Maria won the other wind farm, which will be located in Cordoba.
According to the secretariat, the projects will result in investments of more than $368 million.
Selected bidders were awarded 20-year PPAs with the Electricity Wholesale Market Administrator (CAMMESA). They also agreed to adhere to the FODER, a structure that guarantees payment to plants.