Renewable energy: 117 companies bought bidding documents for the new tender in Argentina

The Ministry of Energy plans to award projects for up to 1,200 megawatts of power in wind, solar and biomass energy, among others.

The Ministry of Energy will receive on Thursday the offers for renewable energy generation projects under the framework of Round 2 of the “Renovar Plan”. They sold 117 sheets, a record against the 74 that had been delivered in the first round, official sources said.

Energía plans to award projects for up to 1,200 megawatts of power in wind, solar, biomass and other energy based on the regional possibilities that the interconnected high voltage system presents today.

To give impulse to potential investors, less than 10 days before the submission of the offers, the Government decided to extend the tax benefits for the importation of equipment to produce these energies.

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The measure had been announced a few weeks ago by Undersecretary of Renewable Energies, Sebastian Kind, explaining that the tariff exemption would be extended to import components for wind and solar energy projects for six months and a year, starting from January 2018.

The previous resolution that imposed a 0% aliquot on the importation of equipment for the production of clean energy was in force until December 31. Now, a new regime with zero tariff was established from January 1 and until 2023 in the case of the maximum deadlines.

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These tax exemptions also seek to encourage the local production of equipment used in renewable energy plants. The regulations now extended include the following deadlines and benefits:

Up to 12 months with tariff 0 for the importation of “photovoltaic generator without support structures or machines and mechanical devices with their own function”.

Up to 60 months with a tariff of 14 percent on the importation of “Wind turbine with power above 700 Kw.”

Up to 60 months with a 0 percent tariff on imports of EVA (Ethyl Vinyl Acetate), PET (Polyethylene Terephthalate) products and 39 other products.

In October and November last year, Energy reported the award through Round 1 and Round 1.5 of 59 renewable energy projects for a total of 2,423.5 megawatts of installed power and an average price of US $ 57.44 per megawatt hour. These were wind, solar, biomass and PAH projects (small hydroelectric projects). Now they expect the value to drop to US $ 40/50 per megawatt hour.

Technical offers will be received and opened on Thursday. The economic ones will be open the 20 of November.