Vaisala supports 30 percent of solar PV auction submissions in Argentina

VAISALA South America, Argentina solar dataset with units in W/m²/day
VAISALA South America, Argentina solar dataset with units in W/m²/day

Argentina will hold its first renewable energy auction on October 12th, 2016 and the auction is fast-moving and competitive, Vaisala (Helsinki, Finland), a global environmental and industrial measurement company, announced on September 22nd, 2016.

The bidding deadline earlier this month attracted more than 2.8 GW of solar bids for only 300 MW of photovoltaic (PV) projects and 30 percent of the solar due diligence reports for these bids were delivered by Vaisala.

 

Argentina expects to attract outside investment of USD 4–5 billion in its solar industry over the next five years

Argentina has set an aggressive goal of 20 percent renewable energy by 2025. With this first auction, it now joins several other Latin American countries in launching public tenders for renewable energy.

The auctions are part of Argentina's new RenovAR program, which will spur rapid development of the country's rich solar and wind resources. Argentina expects to attract outside investment of USD 4–5 billion (EUR 3.6–4.5 billion) in its solar industry alone over the next five years.

 

Accurate estimation of solar energy production reduces uncertainty for an auction bid to be competitive

Solar resource assessment is key to financing solar projects because it helps ensure that the project will be able to deliver its projected power consistently and reliably, Vaisala emphasizes. The estimation of solar energy production must be as accurate as possible with low uncertainty for an auction bid to be competitive.

“Our bankable report arrived in less than two weeks,” said Ady Vyas, Director of Engineering at Canada-based s2e Technologies, a company developing solar projects in Argentina.

“Vaisala was great to work with. They involved us in the process and were flexible about our needs.”

“Vaisala has a deep understanding of weather and climate,” said Fabio Griffo, Energy Sales Manager for Latin America, Vaisala.

“We are honored to contribute our expertise and help play a part as Argentina expands its renewable energy capacity to meet its ambitious targets.”

 

2016-09-22 | Courtesy: Vaisala | solarserver.com © Heindl Server GmbH

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