Argentina installed 307 MW of solar in 2024, bringing its total PV capacity to 1.67 GW by year-end, according to energy market operator Cammesa. Verano Energy, a renewables developer headquartered in Chile, has started building a 200 MW solar project in western Argentina. The installation is due for completion and connection before the end of 2025.
YPF Luz says it is ready to start building a 305 MW solar project in Mendoza, Argentina, with an initial phase of 200 MW. Argentina’s Secretariat of Energy has increased the self-consumption limit under net metering from 2 MW to 12 MW to expand the country’s renewable energy capacity.
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.
A total of 46 MW was commissioned in the month in question. Argentina’s AlmaGBA tender for the Buenos Aires metro area will pay a fixed $10/MW of electricity supplied, with storage capacity bids capped at $15,000/MW per month.
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