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.
According to figures released during the bid opening, weighted average prices ranged from $9,916.7/MW-month in the Central San Luis region to $11,194.3/MW-month in the northeast Chaco and Formosa region, reflecting differences in competition across network nodes.
The AlmaSADI tender aims to deploy battery energy storage systems at critical grid nodes across northwest, northeast, central, littoral, Cuyo, Pampas, and Buenos Aires regions, excluding the Buenos Aires metropolitan area. Argentina’s Energy Secretariat has estimated the procurement could support around $700 million in investment.
The lowest bid submitted will not automatically secure an award. Market operator CAMMESA will evaluate offers based on bid prices, regional and nodal capacity limits, and the allocation methodology established in the tender rules.
Launched in March, the AlmaSADI auction seeks battery energy storage facilities capable of delivering at least four consecutive hours of discharge to provide capacity and operating reserve services in Argentina’s wholesale electricity market.
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