Argentina is embarking on a groundbreaking initiative as it gears up to solicit expressions of interest (EOI) for energy storage projects, a strategic move aimed at achieving its ambitious target of 20% renewable energy by 2025. The announcement, encapsulated in Resolution 906/2023, surfaced on Monday, November 6, 2023, marking a pivotal moment in the nation's commitment to decarbonization.
The Ministry of the Economy of Argentina unveiled a comprehensive plan outlining its decarbonization roadmap up to 2030 and 2050, with a distinct focus on the immediate target set for 2025. The intricate changes slated for the energy system to meet these objectives necessitate the "progressive integration" of energy storage systems, thereby propelling Argentina towards a greener and more sustainable future.
In the wake of Resolution 906/2023, attention turns to the practical aspects of implementation. The country's wholesale electricity market operator, CAMMESA (Compañía Administradora del Mercado Mayorista Eléctrico Sociedad Anónima), is tasked with crafting technical details about the electricity grid in Argentina. Moreover, CAMMESA is entrusted with the crucial responsibility of formulating a procedure for receiving and evaluating the EOIs.
Within 20 days of the Resolution's publication, CAMMESA is expected to unveil its procedure, kickstarting a 120-day window for interested parties to submit their proposals. Subsequently, CAMMESA will have 60 days to meticulously evaluate and present these proposals to the Ministry.
The invitation for proposals extends to a broad spectrum of projects encompassing the financing, construction, and management of energy storage systems within the wholesale electricity market. These projects might be geared towards optimizing generation dispatch, providing power reserve services, or deploying innovative mechanisms proposed by the stakeholders.
Crucially, the call for EOIs places a premium on diversity, considering various technologies and technical characteristics. Proposals are anticipated to delineate power and energy specifications, charging and discharging periods, maximum storage durations (ranging from days to years), useful life, number of cycles, degradation, and other intricate details.
Given Argentina's prominent role as a major source of lithium carbonate for lithium-ion batteries, the Resolution explicitly values EOIs that outline strategies to integrate a national supply chain into the delivery of these projects. This strategic alignment positions Argentina not only as an adopter of renewable energy but also as a driver of innovation and sustainability in the global energy landscape. The nation's move toward a greener grid reflects a paradigm shift in the international energy sector, emphasizing the pivotal role of energy storage in achieving renewable energy goals.
Argentina is embarking on a groundbreaking initiative as it gears up to solicit expressions of interest (EOI) for energy storage projects, a strategic move aimed at achieving its ambitious target of 20% renewable energy by 2025. The announcement, encapsulated in Resolution 906/2023, surfaced on Monday, November 6, 2023, marking a pivotal moment in the nation's commitment to decarbonization.
The Ministry of the Economy of Argentina unveiled a comprehensive plan outlining its decarbonization roadmap up to 2030 and 2050, with a distinct focus on the immediate target set for 2025. The intricate changes slated for the energy system to meet these objectives necessitate the "progressive integration" of energy storage systems, thereby propelling Argentina towards a greener and more sustainable future.
In the wake of Resolution 906/2023, attention turns to the practical aspects of implementation. The country's wholesale electricity market operator, CAMMESA (Compañía Administradora del Mercado Mayorista Eléctrico Sociedad Anónima), is tasked with crafting technical details about the electricity grid in Argentina. Moreover, CAMMESA is entrusted with the crucial responsibility of formulating a procedure for receiving and evaluating the EOIs.
Within 20 days of the Resolution's publication, CAMMESA is expected to unveil its procedure, kickstarting a 120-day window for interested parties to submit their proposals. Subsequently, CAMMESA will have 60 days to meticulously evaluate and present these proposals to the Ministry.
The invitation for proposals extends to a broad spectrum of projects encompassing the financing, construction, and management of energy storage systems within the wholesale electricity market. These projects might be geared towards optimizing generation dispatch, providing power reserve services, or deploying innovative mechanisms proposed by the stakeholders.
Crucially, the call for EOIs places a premium on diversity, considering various technologies and technical characteristics. Proposals are anticipated to delineate power and energy specifications, charging and discharging periods, maximum storage durations (ranging from days to years), useful life, number of cycles, degradation, and other intricate details.
Given Argentina's prominent role as a major source of lithium carbonate for lithium-ion batteries, the Resolution explicitly values EOIs that outline strategies to integrate a national supply chain into the delivery of these projects. This strategic alignment positions Argentina not only as an adopter of renewable energy but also as a driver of innovation and sustainability in the global energy landscape. The nation's move toward a greener grid reflects a paradigm shift in the international energy sector, emphasizing the pivotal role of energy storage in achieving renewable energy goals.
