Argentina awards 700MW BESS in elevenfold oversubscribed tender
energy-storage.news Jul 13, 2026

Argentina awards 700MW BESS in elevenfold oversubscribed tender

AI-summarised brief · reviewed before publication

Argentina’s wholesale market operator CAMMESA awarded 700 MW of 4‑hour battery energy storage system (BESS) capacity in the nationwide AlmaSADI tender, selecting 20 projects from 235 bids that together offered 8.3 GW. Genneia captured the largest share with 421 MW across seven sites, followed by DQD Energy with 149.5 MW across eight projects. Smaller allocations went to 360 Energy Solar (68 MW), Intermepro (12 MW) and aluminium producer Aluar (50 MW). The average awarded price fell to US$8,427 per MW per month, with the lowest bid at US$7,632 (Genneia’s 100 MW Bragado I‑II) and the highest at US$9,705 (DQD Energy’s 10 MW Chaco‑Formosa). Prices were notably lower than the previous year’s tender, which ranged between US$10,000‑12,000 per MW per month.

💡 Why It Matters

  • · The steep price drop and overwhelming oversubscription signal that Argentina’s storage market is maturing rapidly, positioning the country as a cost‑competitive hub for large‑scale BESS deployment in Latin America.