Round 2.0 in Argentina: the real test of the market

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On August 18 the government of Argentina launched a second auction for renewable energy projects. It is seeking 1200 MW of power, distributed across multiple renewable sources, with a deadline in October. It is smaller than the previous rounds (rounds 1.0  and 1.5 totaled 2,426 MW ), reflecting the limitations of the transmission and dispatch systems. It is also demanding even more competitive prices (see details below). There is an expectation that this round will benefit from the experience of the first round, and confirm the success of the RenovAr program. Here we do a brief recap of the first round's ...

Argentina: investors sought for solar park COD

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Source: The provincial energy agency of Jujuy, Jujuy, Energía y Minería Sociedad del Estado (JEMSE) is looking for investors in the 90+ MW solar park awarded to the entity in last year's renewable energy auction (RenovAr). The project is expect to begin commercial operations in 2019 and has a PPA in hand from the system off-taker CAMMESA. For more details contact Sylvia Gaylord,

RTB Wind Opportunity in Argentina: sale of rights by provincial agency

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Opportunities are emerging for investors interested in existing and new renewable energy projects in Argentina. State-owned entities at the provincial level are seeking investors to invest in projects at various stages of development. The provinces have the natural resources but not the cash to develop projects and are facilitating many aspects of project development to private investors. In Central Argentina, the local public agency is offering up to 375 MW in 1 or several clusters. RTB conditions include wind and technical feasibility studies, all initial permits, land owned by provincial government to be rented. For more information, contact Sylvia Gaylord,  

Vaca Muerta in the headlines again: government sweetens the pot

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On January 10, President Macri of Argentina announced new policy measures to revive investment in the Vaca Muerta shale deposits. In the picture above, the president is flanked by the leading figures in all matters Vaca Muerta. To the left, by the governor of Neuquén, Omar Gutiérrez, and to the right, by the oil workers' union regional representative, Guillermo Pereyra, and the Minister of Energy, Juan José Aranguren. The announcement was hailed as "historic" by its participants, but is mainly a commitment to continue subsidizing the domestic price of gas to producers, plus some measures to reduce labor costs. Here are ...

Big year for renewables in Latin America – Argentina

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Source: IADB (2015) Lights On? Energy Needs in Latin America and the Caribbean to 2040. Electricity generation from renewable sources is nothing new to Latin America. For the last 50 years, Latin America has generated 45-50% of its electricity from hydro sources (though this number is strongly influenced by Brazil). In the last decade, many countries in the region have taken important steps to incorporate other renewable sources of electricity, such as wind and solar, and diversify their energy matrices. While the presence of these technologies is still relatively small, their growth has been exponential (as the charts above show) ...

The Court hands Argentine government a corrective

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  On August 18, the Supreme Court of Argentina ruled in favor of consumers by annulling price increases for natural gas dictated by the government in March. The unanimous decision by the Court simply says that the government is under a constitutional obligation to consult consumers before setting new prices. The implications of this ruling, like most things in Argentina, are less straightforward.   The ruling The ruling is based on article 42 of the Constitution that says that consumers are entitled to receive adequate information on and participate in decisions pertaining to public services, rights that are further legislated by law 24076 that stipulates that ...