Financial bids in Argentina’s first large-scale battery storage procurement came in well below the auction price cap, with 232 qualified proposals competing for 700 MW of capacity.
From ESS News
Argentina has opened the financial bids for its AlmaSADI battery energy storage auction, with offers ranging from $7,397/MW-month to below the maximum bid price of $12,500/MW-month set for the procurement.
The weighted average bid across all qualified projects was $10,568.4/MW-month, about 15.5% below the auction ceiling.
The economic bidding stage follows the qualification of 232 proposals submitted by 37 domestic and international companies, representing a combined 8,230 MW of proposed capacity. The total volume exceeds the auction’s 700 MW procurement target by more than elevenfold.
