Argentina''s Oversubscribed Energy Storage
Intended to strengthen the grid in the greater Buenos Aires region, the program has attracted a lot of attention; it has been
"This initiative, unprecedented in the country but already applied worldwide, seeks to add 500 MW of storage capacity in critical nodes of the Metropolitan Area of Buenos Aires (AMBA), with an estimated investment of US$ 500 million and an execution period of between 12 and 18 months.
Argentina has opened a $500 million battery storage tender aimed at adding 500 MW of new energy storage capacity in the Buenos Aires metropolitan area. The AlmaGBA program, managed by CAMMESA, offers long-term contracts with fixed payments and financial guarantees to attract developers.
Argentina has taken a major step toward modernizing its energy infrastructure with the launch of a 500 MW battery energy storage system (BESS) tender under the AlmaGBA program.
In Argentina, the stance provides a good lesson to the European stakeholders, especially in the commercial and industrial segments of energy storage. Emerging markets can present both local and foreign players by developing tenders that are investment appropriate and clear technically and financially secured.
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