en.Wedoany.com Reported - Argentina's AlmaSADI battery storage auction project has completed the opening of financial bids, with actual offers starting from $7,397/MW-month, all below the auction's maximum bid of $12,500/MW-month.

The weighted average bid price for all qualified projects is $10,568.4/MW-month, approximately 15.5% below the auction ceiling.

Prior to the economic bidding stage, 232 proposals submitted by 37 domestic and international companies were qualified, with a total proposed capacity of 8,230 MW. This scale is more than 11 times the auction target of 700 MW.

Prices vary by regional grid node, with the weighted average price range from $9,916.7/MW-month in the Central San Luis region to $11,194.3/MW-month in the northeastern Chaco and Formosa regions, reflecting differences in competition across nodes.

As planned, the AlmaSADI tender aims to deploy battery energy storage systems at key grid nodes in regions including the Northwest, Northeast, Central, Coastal, Cuyo, Pampas, and Buenos Aires (excluding the Buenos Aires metropolitan area). Argentina's Energy Secretariat estimates that this procurement could drive approximately $700 million in investment.

The lowest bid does not automatically guarantee a win. Power market operator CAMMESA will conduct a comprehensive evaluation based on bid prices, regional and node capacity limits, and the allocation methodology defined in the auction rules.

Launched in March this year, the auction seeks to procure battery storage facilities capable of providing at least four consecutive hours of discharge to serve Argentina's wholesale electricity market, offering capacity and operating reserve services.

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