Renewable energy developers in Argentina applied to sell 6,366 megawatts of power in an October auction, more than six times the amount the government plans to sell.
Wind farms accounted for more than half, or 3,478 megawatts of capacity, according to Sebastian Kind, undersecretary for renewable energy at the Argentina’s Energy Ministry. Solar projects represented 2,834 megawatts, while biogas and biomas each had 53 megawatts.
“I’ve never expected 6,000 megawatts,” Energy Minister Juan Jose Aranguren told reporters in Buenos Aires on Monday. “The first round of our program meets our goal to diversify the energy mix, having new energy costs so that we have enough to power the country’s development, and to reduce the impact of these activities on climate change.”.
President Mauricio Macri has made renewable energy development one of his government’s main priorities since taking office in December by establishing new regulations and organizing auctions. The government expects to attract…