31 May '17, 3pm

Over 47 Gigawatts Of New Wind Capacity To Be Installed In Latin America Over Next Decade,…

According to MAKE, Mexico has so far implemented a long-term series of power auctions which will support the country’s target of 35% renewable energy. Auctions in 2016 helped sign wind power PPAs worth more than 1.4 GW at pricing as low as $32 per MWh — impressively low on the surface of it, even more so when you consider Mexico is not a traditional wind market such as is found in Europe and north of the border. Chile and Argentina themselves both awarded PPAs for nearly 3.5 GW of wind power in auctions over the past year. Argentina has set itself a target of sourcing 20% of its electricity from renewable energy by 2025, while Chile, as part of its own 20%/2025 target, connected 498 MW worth of wind power in 2016 and conducted a major multi-technology auction that covers its long-term demand from 2021.

Full article: https://cleantechnica.com/2017/05/31/47-gw-new-wind-capac...

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