About Argentina energy storage project cooperation
Interested parties are being invited to propose projects encompassing the financing, construction and management of energy storage systems in the wholesale electricity market. The projects could be for optimising generation dispatch, providing power reserve services or other mechanisms proposed.
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About Argentina energy storage project cooperation video introduction
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5 FAQs about [Argentina energy storage project cooperation]
How much money will Buenos Aires invest in a new storage system?
This initiative, unprecedented in the South American country but already applied worldwide, seeks to add 500 MW of storage capacity in critical nodes of the Metropolitan Area of Buenos Aires (AMBA), with an estimated investment of $500mn and an execution period of 12-18 months.
Why is Argentina preparing a contingency plan?
This action is part of a series of measures that the national government under Argentina’s president Javier Milei has been developing since Oct. 2024 as part of a contingency plan, which includes short, medium and long-term actions to recover an electrical system that in Dec. 2023 was in a critical state, the Energy Secretariat said.
Why is the Argentine electricity system undergoing a paradigm shift?
After decades of disinvestment, the Argentine electricity system faces serious challenges in terms of infrastructure and response capacity. This tender for state-of-the-art batteries (BESS) marks a paradigm shift, prioritizing private investment and technological innovation to solve structural problems.
What is the aim of a new energy infrastructure in 2025?
The goal is to ensure a more reliable and efficient electricity supply, especially during peak demand, the Energy Secretariat said 17 Feb. 2025 in an official statement. This new infrastructure is the beginning of a series of measures aimed at guaranteeing the supply of energy in the country, starting with the AMBA.
Who is guarantor of electricity storage contracts?
Wholesale electricity market management company Cammesa will act as guarantor of the storage contracts that will be made with distributors Edenor and Edesur. It will also set the date for the presentation of the offers. The latest date for the commercial authorization of all the equipment is set for Dec. 31, 2028.
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