Although $59.75/MWh for solar PV in Argentina might be considered low given the current economic situation of the country, local solar developer 360Energy has learned a hard lesson between the first two rounds of the RenovAr renweables programme run by the South American nation.

“Competition takes its toll,” CEO Alejandro Lew told Recharge, while not denying that his company will take a hit on its expectations of returns in a bid to secure contracts.

In Round 1, 360Energy offered over 635MW of solar projects, winning nothing when the cap price was $90/MWh as bidders brought the average price down to $59/MWh.

Now,