Argentina launches 500 MW storage auction

Argentina launches 500 MW storage auction The Argentinean authorities plan to install the new storage capacity in critical nodes of the metropolitan area of Buenos Aires, with an estimated investment of $500 million and an ution period of between 12 and 18 months. February 18, 2025 Luis Ini Energy Storage Markets Utility Scale Storage Argentina Image: Sungrow Share The Argentine Energy Secretariat, which is part of the Ministry of Economy, has launched an international call for proposals seeking to add 500 MW of battery energy storage system (BESS) capacity in critical nodes in the so-called Metropolitan Area of Buenos Aires (AMBA), with an estimated investment of $500 million and an ution period of between 12 and 18 months. The equipment must provide energy for at least four consecutive hours per full discharge cycle. In a statement, the Argentinean authorities said that this is an initiative “unprecedented in the ry but already applied worldwide,” with the aim of “guaranteeing a more reliable and efficient electricity supply, especially during peak demand.” It is also stated that the new infrastructure is “the beginning of a series of measures aimed at guaranteeing the provision of energy in the ry, starting with the AMBA”, and that “provincial jurisdictions are invited to analyze this modality and replicate similar actions in their territories.” The Energy Secretariat also said the ry's electricity system faces serious challenges in terms of infrastructure and response capacity, as a result of decades of disinvestment and decapitalization. “This tender marks a paradigm shift, prioritizing private investment and technological innovation to solve structural problems,” it added. Wholesale electricity market management company Cammesa will act as guarantor of the storage contracts that will be made with distributors Edenor and Edesur. It will also set the date for the presentation of the offers. The latest date for the commercial authorization of all the equipment is set for Dec. 31, 2028. The offers must be backed by a so-called bank guarantee defined at $10,000/MW based on the maximum offered storage power. This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com. U.S. Environmental Protection Agency seeks to ‘instantly terminate’ $20 billion in clean energy grants 17 February 2025 Administrator Zeldin said there will be “zero tolerance of any waste and abuse,” saying financial agreements under the Greenhouse Gas Reduction Fund m...This content was collected from the Internet. If you want to it, please contact grace solar management.