Progress Report: Two Contracts Have Been Signed From RenovAr Round 2

06-04-2018

Just as Energy Planning had put forward, the first round of PPA contract signatures for the 2nd round of RenovAr took place this past 28th of March.

Four separate investors celebrated their respective contracts together with the company that administers the wholesale electricity market (CAMMESA), and also alongside officials from the National Ministry of Energy and Mining.

360 Energy signed for 4 of the 7 solar projects awarded in this last round: Tinogasta II in Catamarca at 6.96 MW; Tocota in San Juan at 72 MW; Nonogasta IV at 1 MW; and Nonogasta II at 20.04 MW. The last two are located in the province of La Rioja.

The company of businessman Alejandro Ivanissevich positions itself as one of the most powerful in solar energy in Argentina. It owns the Cañada Honda 7 MW park, which is the largest currently operating in the country. In round 1.5 of RenovAr it won 7 other projects for a total of 165.5 MW.

The 7 projects are as follows: Ullum I (25MW), Ullum II (25MW) and Ullum III (32MW), each to be built in San Juan; Saujil (22,5MW), Fiambalá (11MW) y Tinogasta (15MW) to be built in Catamarca; and the Nonogasta Solar Park (35 MW) to be built in La Rioja.

It is presumed that 360 Energy will sign for Saujil II (20 MW), Villa Dolores (26.85 MW) and Añatuya I (6 MW) in the next call.

Regarding biogas projects, Bioeléctrica signed a contract for a new 1.2 MW expansion for the plant with the same name as the company. The company coming from Cordoba began the project in round 1, winning the projects Rio Cuarto I (1.2 MW, now up and running), and Rio Cuarto II (2 MW, soon to be up and running).

The biogas projects will run off of vinasse and corn leftovers.

The other bioenergy project is run by PRODEMAN S.A.S. and will generate energy from peanut husks. The 9 MW plant will be located in General Cabrera, Cordoba.

The signing of these 7 clean energy contracts totals to 112.2 MW and gives a first step to what will be future signatures on May 15th. Until that date, 81 projects have time to sign their respective PPAs.

It is worth noting that the commitment to commercial operation made by each investor doesn’t start at the signing of the contract, but rather the 15th of May. As such, early signing gives an advantage to the investor, and the PPA makes it easier to close financially.

Today, only a few of the investors have their papers to the point where they can continue towards the contract signing phase.

Autor
Guido Gubinelli
Fuente
Energía Estratégica