Ecuador’s 500-MW renewables tender meets capability, worth targets

Bidders in Ecuador’s worldwide tender for the development and operation of 500 MW of renewables have submitted financial presents beneath the ceiling worth that, if lastly accepted, may result in round 511 MW of recent capability for the South American nation.

The ministry of power and mining’s technical committee on Wednesday opened the envelopes containing financial presents positioned by ten firms from totally different nations. All of them priced their tasks beneath the cap which was set as follows: USD 52.44 (EUR 48.43) per MWh for hydro energy, USD 61.12/MWh for wind, USD 67.79/MWh for photo voltaic and USD 45.59/MWh for biomass, the ministry mentioned.

In November 2022, ten unnamed bidders offered technical presents for what amounted to round 700 MW of capability.

On this tender, the ministry provided concessions for 150 MW for small-scale hydro, 200 MW for wind energy, 120 MW for photo voltaic PV and 30 MW for biogas or biomass-based crops. In keeping with the ministry’s newest announcement, there have been no bids positioned for biomass. The remaining presents add as much as a complete of 511.31 MW and a attainable common energy manufacturing of 1,886 GWh per yr.

The technical committee will launch its suggestion for awards on February 1, 2023.

The record of bids to this point may be seen beneath:

(USD 1.0 = EUR 0.923)

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