Argentina received firm bids averaging $47.64/MWh for wind projects and $48.67/MWh for solar PV projects in Round 2.0 of its RenovAr renewable energy tendering programme.

The prices were around 17% below the average price registered at 2016's Round 1.5 tender and the cap prices set for this round, which were close to last year’s average.

Wind power was more competitive than PV, with lowest prices offered reaching $37.3/MWh