El Salvador renewable energy auction 2017
In October 2016 DELSUR opened a renewable energy auction for procurement of 170 MW capacity. Auction was oversubscribed receiving 29 bids from 19 companies for a total capacity of 1.04 GW renewable projects. Results of the auction were announced on 25th of January 2017. Contracts were signed with winning projects between January and March 2017 for period of 20 years.
Summary of the auction results:
Technology | Cumulative bids received (MW) | Capacity awarded | Number of projects awarded | Average price (USD/MWh) | Min price (USD/MWh) | Max price (USD/MWh) |
Solar PV | 940 | 119.9 | 4 | 55.33 | 49.55 | 67.24 |
Wind | 150 | 50 | 1 | 98.78 | - | - |
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