Wind Is the Cheapest Power Source in Argentina Renewable Auction
- Minimum price for wind power reached $49.10 a megawatt-hour
- ‘We hope future prices keep declining,’ energy minister says
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Wind was the cheapest source of energy in Argentina’s first power auction after the country implemented reforms designed to transform its fossil fuel-dependent grid.
The minimum price for wind power reached $49.10 a megawatt-hour in the auction, Sebastian Kind, undersecretary for renewable energy, told reporters in Buenos Aires Friday. Solar power came in at $59 a megawatt-hour, biomass was $110 and hydropower projects were $111.10. The government said it will announce the winners on Oct. 7, five days earlier than it had initially planned.