About Energy storage project settled in Argentina
The Ministry of Economy of Argentina has issued a national and international open call "GBA Storage -AlmaGBA", aimed at contracting 500 MW of electric energy storage plants in critical nodes in the Metropolitan Area of Buenos Aires.
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3 FAQs about [Energy storage project settled in Argentina]
How much money will Buenos Aires invest in a new storage system?
This initiative, unprecedented in the South American 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 $500mn and an execution period of 12-18 months.
Why is Argentina preparing a contingency plan?
This action is part of a series of measures that the national government under Argentina’s president Javier Milei has been developing since Oct. 2024 as part of a contingency plan, which includes short, medium and long-term actions to recover an electrical system that in Dec. 2023 was in a critical state, the Energy Secretariat said.
Why is the Argentine electricity system undergoing a paradigm shift?
After decades of disinvestment, the Argentine electricity system faces serious challenges in terms of infrastructure and response capacity. This tender for state-of-the-art batteries (BESS) marks a paradigm shift, prioritizing private investment and technological innovation to solve structural problems.