May 1 (Renewables Now) - Argentina has signed contracts for a 12.92-MW biomass project which is the last in the list of winners in the country's renewable energy auction programme RenovAr Round 2 to get a power purchase agreements (PPA).
The contract was inked with Argentina's wholesale electric market management company CAMMESA, the ministry's Undersecretariat for Renewable Energy announced on Tuesday.
Total of 86 of the 88 schemes successful in the tender were able to complete their offtake contracts for a total capacity of around 2,020 MW. Virasoro Generation Thermal Power Plant and Saujil Solar Park II were the two that failed to meet CAMMESA specifications.
Located in the province of Corrientes, the Central Termica Kuera Santo Tome biomass power plant is expected to generate enough power to meet the demand of 27,000 homes by using forest residues from cultivated forests and by-products of the wood industry.
Argentina has currently 135 renewable energy plants either installed or under construction, with a capacity of 4,776 MW. The combined investment in these amounts to USD 7.2 billion (USD EUR 6.4bn), the government calculates.
(USD 1 = EUR 0.89)