Argentina opens tender to contract 500 MW of BESS capacity
The Ministry of Economy of Argentina has issued a national and international open call "GBA Storage -AlmaGBA", aimed at contracting 500 MW of electric energy storage plants
The Ministry of Economy of Argentina has issued a national and international open call "GBA Storage -AlmaGBA", aimed at contracting 500 MW of electric energy storage plants
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Argentina’s government said on Monday it has awarded contracts for 667 MW of capacity in its first tender dedicated to battery energy storage systems (BESS), exceeding its original 500-MW target by about 30%. Energy storage battery. Photo by Anna Vasileva
The AlmaGBA Storage tender, for the metropolitan area of Buenos Aires (AMBA), will pay a fixed $10/MW of electricity supplied and energy storage capacity bids must have a maximum cost of $15,000/MW/month.
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 execution period of between 12 and 18 months. From pv magazine Latam
The Argentine Energy Secretariat opened the $500 million AlmaGBA Storage tender to procure BESS for AMBA. Projects are expected to take shape within 18 months. The template indicates contracts will run for a maximum 15 years after the date of BESS commercial authorization or Jan. 1, 2027, whichever comes first.