In a bid to continue to meet its rapidly growing renewable energy demand and targets, Argentina’s energy leaders, are looking to create complementary mechanisms in the existing RenovAr program. This comes at a time when the country’s first two auctions (Round 1 and 1.5) have contracted more than 2,000MW definite projects in RE. The majority of these projects may have secured all of the basic equipment for development but short-term logistical challenges remain an issue.
The previous auction mechanism, also known as ‘joint contracting mechanisms’ favored large users and DIScos, with frameworks such as PPAs and co-gen or self-gen. Currently, energy authorities are putting in place a regulatory process to enable the market and incentivize individual purchase between generators and large consumers whose power demand is equal to or greater than 300 kilowatts (300 kW). This relevant piece of regulation will open the door to much wider options in wind power investments.
“Projects and investments shall face a new scenario for financing as a result of the new scheme.”
Ramon Fiestas, Chairman of the Latin America Committee, Global Wind Energy Council
New challenges will arise from the new rules for renewable energy power purchase, so as for the financing issues. Also the confluence of this new scenario for the next block of wind power developments, with current projects under way, implies new challenges for the supply chain whom need to work out ways out of its first bottlenecks.
During a special one-day interactive seminar, organized by the Global Wind Energy Council, and endorsed by the Argentinian Ministry of Energy and Mining, attendees will be involved in a first-hand ‘think tank’ of these new regulatory mechanisms as well as on professionals having to deal with the new market conditions, to discuss and exchange their own vision to pave the way to the next steps in wind power investments in Argentina.
In the days leading to this seminar, the International Renewable Energy Agency (IRENA) will meet with the Ministry to discuss its latest developments of RE integration in the electrical systems in the region. Outcomes of these talks will be freshly shared with the audience on the 1st September. CAMMESA will also delve into the problematics of renewable generation integration as well as share solutions adopted in Argentina thus far, whilst leading market leaders will openly share their challenges to entering the market as well as the many opportunities for companies. See draft programme below.
The Seminar will take place on Friday 1st September in central Buenos Aires and will be conducted in Spanish, with English translation. Seminar passes will be available for purchase at USD 400. GWEC members will receive a 25% discount and sponsors will receive free passes. Sponsorship packages available by emailing email@example.com.
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