State of the Solar PV industry in Argentina. Description of contractual schemes and results of recent tenders. Short and medium term outlooks.

1. Solar PV Status and Market Outlook
RENEWABLE ENERGY IN ARGENTINA
SolarPlaza Webminar, December 1, 2016
Mauro G. Soares
National Director for Renewable Energy

2. TODAY´S CHAT POINTS
• WHO WE ARE AND WHAT WE DO
• WHERE WE ARE HEADING TO
• OUR REGULATORY AND CONTRACTUAL FRAMEWORK
• WHAT WE HAVE DONE THIS YEAR
• WHAT´S IN STORE FROM NOW ON

3. UNDERSECRETARIAT OF RENEWABLE ENERGY
• Designs and implements regulation that enables the
achievement of the country´s renewable energy legal
mandates
• Reviews, assesses and follows up on renewable energy
investment projects at a national level
• Conducts National and International Cooperation actions
in the area of renewable energy development
• Conducts technical, economic and regulatory analysis for
the sub-sector
NATIONAL OFFICE OF RENEWABLE ENERGY
NATIONAL OFFICE OF RENEWABLE ENERGY
PROMOTION
• Promotes the use and integration of different renewable
energy sources to the national energy mix.
• Sets guidelines and manages promotion, scientific and
technological research programs, as well as technical
studies and resources inventory efforts.
• Designs and implements regulation for the distributed
renewable energy market.
WHO WE ARE AND WHAT WE DO
Ministry of Energy and Mining
Secretariat of Electric Power

4. %ofthetotalpowerdemand
WHERE WE ARE HEADING TO
RENEWABLE ENERGY NATIONAL TARGETS 2018-2025
Existing 0.8 GW 1.8%
3 GW 10 GW
RenovAr Round 1.0 1.1 GW 2.7%
RenovAr Round 1.5 1.2 GW 3.0%
Legacy Contracts (R202) 0.5 GW 1.5%
Existing
+
Actions
2016
9 %
Note: Percentage of RE in total
demand calculated using P75
generation estimates
and 2018 projected demand.

5. WHERE WE ARE HEADING TO
Renewables
Transmission
Hydroelectricity
Nuclear
Thermoelectricity
15.0
5.0
10.2
6.0
4.8
2017-2015 Planned Capital Investment in the Power Sector (in billion USD)
+10 GW
+3 GW
+6 GW
+1 GW
>5k km
Demand 2015 135 TWh Demand 2025 170 TWh
15 Bill USD

6. RENEWABLE ENERGY IN ARGENTINA
NATIONAL LEGAL FRAMEWORK FOR RENEWABLE
ELECTRICITY (Law N° 27191)

7. Mandatory Targets
8% @ 2017-18
16% @ 2021
20% @ 2025
Resource
Diversification
Geographical and Technological
Generous Fiscal Incentives
Applicable to IPPs and Local
Manufacturers
FODER
Public Trust Fund for Guarantees
and Financing
New Utility-Scale
RE Framework
Law 27191
THE NEW REGULATORY FRAMEWORK

8. Law 27.191
Senate
4Q’14
(94% positive vote)
Lower Chamber
4Q’15
(93% positive vote)
Decrees
531 y 882
Presidential
Decree
1S ’16
Res. 71, 72,
123, 1/E, 136,
252
Resolutions of the
Ministry of Energy and
Mining
1S’ & 2S’16
RenovAr
Rounds
1 & 1.5
CAMMESA
2S’16
RENEWABLE ENERGY PROGRAM 2016-2025
Regulatory Framework Elements
Incentives implementation rules
and Call for Tenders RfP
National
Law
High-level
Regulation
Call for Tenders
implementation

9. 100%
of RE Mandate
PPAs Tenders
(instructed by MINEM)
Private PPAs
for Large Users
Self Generation
100% of the 300 kW-or-less demand and
Large Users who do not opt-out.
Price determined through Tenders
Large Users (>300 kW) who exercise their right
to opt-out and purchase directly from IPPs and/or
traders, or self-generate their mandated quota.
Annual Goals subject to penalties.
Price and other T&Cs freely negotiated.
Opt-OutOpt-Out
RENEWABLE ENERGY MARKETS
3 Contracting Mechanisms

10. GUARANTEE
CONTRACTS
RenovAr CONTRACTUAL FRAMEWORK
2 Contracts 3 Levels of Guarantees
Energy Payment
FODER
Guarantee1 Sovereign
Guarantee
Termination Payment 1
2 World Bank
Guarantee
Termination Payment 2
3
Power Purchase
Agreement1 FODER
Trust Adhesion Agreement2
Energy Sales Energy Payment and Early Termination Guarantees

11. (*) To replenish FODER so that it always holds 12 months worth of eligible PPA payments as liquid reserve
(#) CAMMESA coordinates efforts with FODER on a monthly basis in order to ensure that all payments are covered in full on due date
Payments
Physical Flow
Guarantees
PPA
CAMMESA
(Off-taker)
2. CAMMESA bills End Consumers
on a monthly basis to through
DistCos or directly to major users Electricity
End Consumers
1. IPP Injects Renewable Electricity into National Grid
IPP (Seller)
8. Ministry of Energy
& Mining increases
Guarantee Charge (*)
7. FODER seeks repayment from CAMMESA after having made a Energy Guarantee Payment on its behalf
Renewable Energy
Trust Fund
(FODER)6. FODER pays IPP under
Energy Payment Guarantee
5. IPP Issues a claim to FODER for late
or non-payment of Energy under PPA
4. CAMMESA
pays IPP on a
monthly basis
under PPA (#)
3. Consumers pay on a monthly basis through DistCos or directly in case of major users
Energy Payment Guarantee1
LIQUIDITY GUARANTEE

12. IPP (Seller)
CAMMESA
(Offtaker)
Renewable Energy
Trust Fund (FODER)
(Trustee: BICE)
4. Cause for Sale of Project occurs. IPP
submits the claim for payment of the
Project Sale Price to the FODER
1. Cause for early
termination occurs
2. IPP notifies
CAMMESA
8. IPP submits the
claim to the WB (*)
9. The WB pays the eligible amount to the IPP (*)
11. National State
pays to the WB the
amount due under
the Indemnity
Agreement
MINEM / MINHYF
Representatives of the National State
5. The FODER submits a claim for needed budget to the
Ministry of Energy and Mining / Ministry of Finance and
Treasury in exchange of the treasury bills, kept in guarantee.
10. IPP claims for the balance
to the FODER Trustor
(*) The FODER grants individuals and legal entities which have issued projects the irrevocable right to directly submit claims before the World Bank in certain
cases and to receive payments from the World Bank.
Termination Payment Guarantee via Treasury Bills2 The World Bank3
SOLVENCY GUARENTEE (TERMINATION)
7. The FODER does not pay to the IPP
the Project Sales Price or pays partially
6. MINEM / MINHyF
does not have the
funds in full or at all
3. PPA is terminated, IPP is free to sell to
thrid party or spot market

13. RENEWABLE ENERGY IN ARGENTINA
RenovAr Results

14. # PROJECTS : 58
MW: 2,811
# PROJECTS : 11
MW: 53
# PROJECTS : 5
MW: 11
# PROJECTS: 49
MW: 3,468
ROUND 1 - BIDS RECIEVED (SEPTEMBER 5, 2016)
Number of bids received: 123
SOLAR PV
WIND
BIO
SMALL HYDRO
Provinces that participate: Buenos Aires,
Chubut, Río Negro, Santa Cruz, Neuquén, La Rioja,
La Pampa, Mendoza, Córdoba and Santa Fé
Provinces that participate: Salta, San Juan, Jujuy,
Catamarca, San Luis, La Rioja, Mendoza, Neuquén,
La Pampa, Córdoba, Buenos Aires and Chaco
Provinces that participate: Entre Ríos,
Corrientes, Córdoba, Tucumán, Santa Fé,
Misiones and San Luis
Provinces that participate: Río Negro
and Mendoza

15. ROUND 1 - BIDS RECIEVED (SEPTEMBER 5, 2016)
PROVINCE
#
PROJECT
S
CAPACITY
(MW)
NET P50
CAPACITY
FACTOR (%)
AVERAGE
LOCAL
CONTENT (%)
SALTA 9 829 34% 8%
SAN JUAN 14 558 29% 13%
JUJUY 4 400 25% 17%
LA RIOJA 7 318 29% 8%
CATAMARCA 9 315 30% 12%
SAN LUIS 4 197 27% 18%
MENDOZA 8 124 27% 67%
BUENOS AIRES 1 30 19% 68%
CORDOBA 1 30 24% 0%
CHACO 1 10 25% 40%
TOTAL 58 2811 29% 21%

16. ROUND 1 - AWARDED PROJECTS (OCTOBER 14, 2016)
TECHNOLOGY NUMBER OF
PROJECTS
AWARDED
POWER
CAPACITY
(MW)
ANNUAL
ENERGY
PRODUCTION
(GWh/YEAR)
PROVINCES
Wind 12 707 2,882
Buenos Aires, Chubut,
Río Negro, Santa Cruz,
Neuquén, La Rioja
Solar PV 4 400 918 Salta y Jujuy
Biogas 6 9 70 Santa Fe, San Luis y Córdoba
Biomass 2 15 122 Corrientes y Misiones
Smal Hydro 5 11 68 Río Negro y Mendoza
Total 29 1,142 4,060 14 Provinces

17. ROUND 1 - SOLAR PV PROJECTS AWARDED
59.0 60.0 60.0 60.0
0
10
20
30
40
50
60
70
80
P.S. La Puna (100) P.S. Cauchari 1 (100) P.S. Cauchari 2 (100) P.S. Cauchari 3 (100)
AwardedPrice(US$/MWh)
Note: Figure in parenthesis represents awarded power capacity in MW for each project.

18. ROUND 1.5 - BIDS RECIEVED (NOVEMBER 11, 2016)
WIND
PATAGONIA
100 MW
COMAHUE
100 MW
REST OF THE
COUNTRY
100 MW
BUENOS AIRES
100 MW
QUOTA
REGION
NUMBER OF
PROJECTS
CAPACITY (MW)
Buenos Aires 8 680
Comahue 3 187
Rest of Country 3 193
Patagonia 5 497
TOTAL 19 1,557
Maximum
Price
59.39 USD/MWh

19. ROUND 1.5 - BIDS RECIEVED (NOVEMBER 11, 2016)
SOLAR PV
RESTO OF THE
COUNTRY
100 MW
NOA
100 MW
QUOTA
REGION
NUMBER OF
PROJECTS
CAPACITY
(MW)
NOA 9 394
Rest of Country 19 531
TOTAL 28 (*) 925
Maximum
Price
59.75 USD/MWh
(*) Bids SFV-03 and SFV-25 were discarded due to formal issues in their respective envelope B.

20. ROUND 1.5 - AWARDED PROJECTS (NOVEMBER 25, 2016)
TECHNOLOGY
NUMBER OF
PROJECTS
AWARDED
POWER
CAPACITY
(MW)
AVERAGE
AWARDED
PRICE
(US$/MWh)
ANNUAL
ENERGY
PRODUCTION
(GWh/YEAR)
WIND
10 765.4 53.34 3,037
SOLAR PV
20 516.2 54.94 1,274
Total 30 1,281.5 53.98 4,311

21. ROUND 1.5 - SOLAR PROJECTS AWARDED
Note: Figure in parenthesis represents awarded power capacity in MW for each project.
NOA
REGION
51,9 53.4 53.7
56.3 56.4
0
10
20
30
40
50
60
P.S. SAUJIL (23) P.S. TINOGASTA (15) P.S. FIAMBALÁ (11) P.S. CAFAYATE (80) P.S. NONOGASTA (35)
AwardedPrice(US$/MWh)

22. 48.0
52.0 53.0 53.7 54.1 55.0 55.0 55.0 55.0 55.2 56.5 56.7 57.6 58.9 59.2
0
10
20
30
40
50
60
P.S.
ANCHORIS
(21)
P.S. PASIP
(1)
P.S.
SARMIENTO
(35)
P.S. ULLUM
N1 (25)
P.S. IGLESIA
- GUAÑIZULI
(80)
P.S. LAVALLE
(18)
P.S. LUJAN
DE CUYO
(22)
P.S. LA PAZ
(14)
P.S.
GENERAL
ALVEAR (18)
P.S. ULLUM
N2 (25)
P.S. ULLUM
4 (14)
P.S. LA
CUMBRE
(22)
P.S.
ULLUM3
(32)
P.S.
CALDENES
DEL OESTE
(25)
P.S. LAS
LOMITAS (2)
ROUND 1.5 - SOLAR PROJECTS AWARDED
Note: Figure in parenthesis represents awarded power capacity in MW for each project.
REST OF COUNTRY
REGION
Colway08IndustrialS.L./
ILDEFONSOGUILLERMOCLAVIJO/
FERNANDOÁNGELMARESCA
AwardedPrice(US$/MWh)
QUAATROPARTICIPACOESS.A.

23. SOLAR PV @ ROUND 1 + 1.5 24 SOLAR PV
PROJECTS
AWARDED
Wind Awarded
Wind Not Awarded
Solar PV Awarded
Solar PV Not Awarded
Biomass Awarded
Biomass Not Awarded
Biogas Awarded
Biogas Not Awarded
Small Hydro Awarded
Small Hydro Not Awarded
PROVINCE #
PROJECTS
ROUND
1
ROUND
1.5
TOTAL
JUJUY 3 300 300
SAN JUAN 7 212 212
SALTA 2 100 80 180
MENDOZA 6 94 94
CATAMARCA 3 49 49
SAN LUIS 2 47 47
LA RIOJA 1 35 35
TOTAL 24 400 516 916

24. SIGNITICANT PRICE IMPROVEMENT ROUND 1 vs. ROUND 1.5
ROUND 1.5
AWARDED CAPACITY 516 MW
CUT-OFF PRICE 59.20 US$/MWh
ROUND 1
AWARDED CAPACITY 400 MW
CUT-OFF PRICE 60.00 US$/MWh

25. SIGNITICANT PRICE IMPROVEMENT ROUND 1 vs. ROUND 1.5
Max
-52%
Min
-16% Average
-30%

26. RENEWABLE ENERGY IN ARGENTINA
What´s Next

27. WORK IN PROGRESS
ACTION ITEM COMPLETED BY
(ESTIMATE)
RenovAr PPA and FODER Adhession Agreements signed Round 1 by Jan. 5, 2017
Round 1.5 by mid 2017
Pending regulation on local content certification and duty-free imports for
local manufacturers
YE 2016
Corporate PPA and Self-generation Detailed Regulation 1Q 2017
Distributed Renewable Energy Regulation (national law) 1Q to 2Q 2017
RenovAr Round 2 launched 2Q 2017?
Technology specific tenders for Geothermal, Biogas, Biomass, Small Hydro 3Q 2017?

28. RENEWABLE ENERGY IN ARGENTINA
RenovAr – List of Awarded Projects

29. ROUND 1 - LIST OF AWARDED PROJECTS
TECHNOLOGY ID PROVINCE TOWN PROJECT NAME BIDDING CONSORTIUM MW
AWARDED PRICE
(USD/MWh)
WIND
EOL-14 BUENOS AIRES Bahía Blanca P.E. García del Río ENVISION / SOWITEC 10 49.81
EOL-17 BUENOS AIRES Buratovich P.E. Vientos del Secano ENVISION 50 49.08
EOL-06 BUENOS AIRES Villalonga P.E. Villalonga GENNEIA 50 54.96
EOL-16 NEUQUEN Confluencia P.E. Los Meandros ENVISION 75 53.88
EOL-15 RIO NEGRO Pilcaniyeu P.E. Cerro Alto ENVISION 50 56.98
EOL-44 BUENOS AIRES Bahía Blanca P.E. Corti C. T. LOMA DE LA LATA 100 58.00
EOL-22 CHUBUT Garayalde P.E. Garayalde PAE / 3 GAL 24 59.00
EOL-35 BUENOS AIRES Villarino P.E. La Castellana CP RENOVABLES 99 61.50
EOL-33 CHUBUT Pampa del Castillo P.E. Kosten
ENAT / SEG / OTAMENDI /
NUEVO CERRO DRAGÓN
24 59.41
EOL-05 SANTA CRUZ Las Heras P.E. Vientos Los Hércules EREN 97 62.88
EOL-08 CHUBUT Puerto Madryn P.E. Chubut Norte GENNEIA 28 66.00
EOL-46 LA RIOJA Arauco P.E. Arauco II (Etapa 1 y 2) ARAUCO S.A.P.E.M. 100 67.19
Project requested World Bank Partial Guarantee.

30. 49.1 49.8
53.9 55.0 57.0 58.0 59.0 59.4 61.5 62.9
66.0 67.2
0
10
20
30
40
50
60
70
80
Vientos del
Secano (50)
García del
Rió (10)
Los
Meandros
(75)
Villalonga
(50)
Cerro Alto
(50)
Corti (100) Garayalde
(24.15)
Kosten (24) La Castellana
(99)
Vientos Los
Hércules
(97.2)
Chubut
Norte (28.35)
Arauco II
(Etapa 1 y 2)
(99.75)
ENAT/SEG/OTAMENDI/
NUEVOCERRODRAGÓN
WIND PROJECTS AWARDED
AwardedPrice(US$/MWh)
Note: Figure in parenthesis represents awarded power capacity in MW for each project.

31. ROUND 1 - LIST OF AWARDED PROJECTS
TECHNOLOGY ID PROVINCE TOWN PROJECT NAME BIDDING CONSORTIUM MW
AWARDED PRICE
(USD/MWh)
SOLAR
PV
SFV-38 JUJUY Cauchari P.S. Cauchari 1 JEMSE 100 60.00
SFV-39 JUJUY Cauchari P.S. Cauchari 2 JEMSE 100 60.00
SFV-40 JUJUY Cauchari P.S. Cauchari 3 JEMSE 100 60.00
SFV-13 SALTA
San Antonio de los
Cobres
P.S. La Puna FIELDFARE/ ISOLUX 100 58.98
SMALL
HYDRO
PAH-01 MENDOZA Lujan de Cuyo
P.A.H. Canal Cacique
Guaymallén - Salto 8
EMESA / CONST. ELECT. DEL
OESTE
1.20 105.00
PAH-02 MENDOZA Lujan de Cuyo
P.A.H. Canal Cacique
Guaymallén - Salto 6
EMESA / CONST. ELECT. DEL
OESTE
1.01 105.00
PAH-03 MENDOZA Lujan de Cuyo
P.A.H. Dique Tiburcio
Benegas
EMESA / CONST. ELECT. DEL
OESTE
1.65 105.00
PAH-04 MENDOZA Junín P.A.H. Triple Salto Unificado
EMESA / CONST. ELECT. DEL
OESTE
0.51 105.00
PAH-05 RIO NEGRO El Foyel P.A.H. Rio Escondido PATAGONIA ENERGIA 7.00 105.00
Project requested World Bank Partial Guarantee.

32. ROUND 1 - LIST OF AWARDED PROJECTS
TECHNOLOGY ID PROVINCE TOWN PROJECT NAME BIDDING CONSORTIUM MW
AWARDED PRICE
(USD/MWh)
BIOGAS
BG-01 BIOMAS CROP Rio Cuarto C.T. Río Cuarto 1 BIOMAS CROP 2 160.00
BG-02 BIOMAS CROP Juan LLerena C.T. Río Cuarto 2 BIOMAS CROP 1.2 160.00
BG-03 ACA / FERSI Christophersen C.T. Yanquetruz ACA / FERSI 1.2 160.00
BG-04 ADECO AGRO Huinca Renancó C.T. San Pedro Verde ADECO AGRO 1.42 158.92
BG-05
FECOFE /
COOP. HUINCA
RANANCÓ
Rio Cuarto C.T. Huinca Renancó
FECOFE / COOP. HUINCA
RANANCÓ
1.62 160.00
BG-06 SANTA FE Ricardone C.T. Biogás Ricardone
MARTÍN
NACARATO / OTROS
1.2 118.00
BIOMASS
BM-01 CORRIENTES Santa Rosa
C.T. Generación Biomasa
Santa Rosa
PAPELERA MEDITERRÁNEA /
LUCENA
12.5 110.00
BM-05 MISIONES Puerto Esperanza C.T. Pincó Eco PINDÓ 2 110.00
Project requested World Bank Partial Guarantee.

33. ROUND 1: SOLAR PV PROJECTS AWARDED
59.0 60.0 60.0 60.0
0
10
20
30
40
50
60
70
80
P.S. La Puna (100) P.S. Cauchari 1 (100) P.S. Cauchari 2 (100) P.S. Cauchari 3 (100)
AwardedPrice(US$/MWh)
Note: Figure in parenthesis represents awarded power capacity in MW for each project.

34. BIO AND SMALL HYDRO PROJECTS AWARDED
0
20
40
60
80
100
120
140
160
P.A.H. Canal
Cacique
Guaymallén -
Salto 8 (1.2)
P.A.H. Canal
Cacique
Guaymallén -
Salto 6 (1.01)
P.A.H. Dique
Tiburcio
Benegas (1.65)
P.A.H. Triple
Salto
Unificado
(0.51)
P.A.H. Rio
Escondido (7)
C.T.
Generación
Biomasa Santa
Rosa (12.5)
C.T. Pincó Eco
(2)
C.T. Río
Cuarto 1 (2)
C.T. Río
Cuarto 2 (1.2)
C.T.
Yanquetruz
(1.2)
C.T. San Pedro
Verde (1.42)
C.T. Huinca
Renancó
(1.62)
C.T. Biogás
Ricardone *
(1.2)
AwardedPrice(US$/MWh)
SMALL HYDRO BIOMASS BIOGAS
MARTÍNALFREDONACARATO
PATAGONIAENERGÍAS.A.
FAMILIALUCENA
BIOMASSCROPS.A.
BIOMASSCROPS.A.
FERSIS.A.
COOP.LIMITADADEELECTRICIDADY
SERVICIOSANEXODEHUINCARENANCÓ
Note: Figure in parenthesis represents awarded power capacity in MW for each project.

35. TECHNOLOGY REGION ID PROVINCE PROJECT NAME BIDDING CONSORTIUM MW
AWARDED PRICE
(USD/MWh)
SOLAR
PV
NOA
SFV-21 CATAMARCA P.S. Saujil ENERGIAS SUSTENTABLES 23 51.9
SFV-20 CATAMARCA P.S. Tinogasta IVANISSEVICH / DEYKOLL 15 53.4
SFV-18 CATAMARCA P.S. Fiambalá
EMPRESA MENDOCINA DE
ENERGÍA S.A.P.E.M.
11 53.7
SFV-12 SALTA P.S. Cafayate FIELDFARE / ISOLUX INGENIERÍA 80 56.3
SFV-15 LA RIOJA P.S. Nonogasta
ENERGIAS SUSTENTABLES / FIDES
GROUP
35 56.4
REST OF
SOLAR
SFV-34 MENDOZA P.S. Anchoris
EMPRESA MENDOCINA DE
ENERGÍA S.A.P.E.M.
21 48.0
SFV-06 MENDOZA P.S. General Alvear
EMPRESA MENDOCINA DE
ENERGÍA S.A.P.E.M.
18 55.0
SFV-04 MENDOZA P.S. La Paz
EMPRESA MENDOCINA DE
ENERGÍA S.A.P.E.M.
14 55.0
SFV-01 MENDOZA P.S. Lavalle
EMPRESA MENDOCINA DE
ENERGÍA S.A.P.E.M.
18 55.0
SFV-02 MENDOZA P.S. Lujan de Cuyo
EMPRESA MENDOCINA DE
ENERGÍA S.A.P.E.M.
22 55.0
SFV-05 MENDOZA P.S. PASIP
EMPRESA MENDOCINA DE
ENERGÍA S.A.P.E.M.
1 52.0
ROUND 1.5 - LIST OF AWARDED PROJECTS
Project requested World Bank Partial Guarantee.

36. TECHNOLOGY REGION ID PROVINCE PROJECT NAME BIDDING CONSORTIUM MW
AWARDED PRICE
(USD/MWh)
SOLAR
PV
REST OF
SOLAR
SFV-31 SAN JUAN P.S. Sarmiento
EMPRESA MENDOCINA DE
ENERGÍA S.A.P.E.M.
35 53.0
SFV-46 SAN JUAN P.S. Ullum N1
ENERGIAS SUSTENTABLES /
FIDES GROUP
25 53.7
SFV-49 SAN JUAN P.S. Iglesia - Guañizuli JINKOSOLAR HOLDING 80 54.1
SFV-45 SAN JUAN P.S. Ullum N2
ENERGIAS SUSTENTABLES S.A /
ALEJANDRO IVANISSEVICH /
FIDES GROUP
25 55.2
SFV-37 SAN JUAN P.S. Ullum 4
COLWAY 08 INDUSTRIAL /
ILDEFONSO GUILLERMO CLAVIJO
/ FERNANDO ÁNGEL MARESCA
14 56.5
SFV-32 SAN JUAN P.S. Ullum3
ENERGIAS SUSTENTABLES /
ALEJANDRO IVANISSEVICH
32 57.6
SFV-57 SAN JUAN P.S. Las Lomitas LATINOAMERICANA ENERGIA 2 59.2
SFV-41 SAN LUIS P.S. La Cumbre DIASER 22 56.7
SFV-36 SAN LUIS P.S. Caldenes del Oeste QUAATRO PARTICIPACOES 25 58.9
ROUND 1.5 - LIST OF AWARDED PROJECTS
Project requested World Bank Partial Guarantee.

37. ROUND 1.5: SOLAR PROJECTS AWARDED
Note: Figure in parenthesis represents awarded power capacity in MW for each project.
NOA
REGION
51,9 53.4 53.7
56.3 56.4
0
10
20
30
40
50
60
P.S. SAUJIL (23) P.S. TINOGASTA (15) P.S. FIAMBALÁ (11) P.S. CAFAYATE (80) P.S. NONOGASTA (35)
AwardedPrice(US$/MWh)

38. 48.0
52.0 53.0 53.7 54.1 55.0 55.0 55.0 55.0 55.2 56.5 56.7 57.6 58.9 59.2
0
10
20
30
40
50
60
P.S.
ANCHORIS
(21)
P.S. PASIP
(1)
P.S.
SARMIENTO
(35)
P.S. ULLUM
N1 (25)
P.S. IGLESIA
- GUAÑIZULI
(80)
P.S. LAVALLE
(18)
P.S. LUJAN
DE CUYO
(22)
P.S. LA PAZ
(14)
P.S.
GENERAL
ALVEAR (18)
P.S. ULLUM
N2 (25)
P.S. ULLUM
4 (14)
P.S. LA
CUMBRE
(22)
P.S.
ULLUM3
(32)
P.S.
CALDENES
DEL OESTE
(25)
P.S. LAS
LOMITAS (2)
ROUND 1.5: SOLAR PROJECTS AWARDED
Note: Figure in parenthesis represents awarded power capacity in MW for each project.
REST OF SOLAR
REGION
Colway08IndustrialS.L./
ILDEFONSOGUILLERMOCLAVIJO/
FERNANDOÁNGELMARESCA
AwardedPrice(US$/MWh)
QUAATROPARTICIPACOESS.A.

39. ROUND 1.5 - LIST OF AWARDED PROJECTS
Project requested World Bank Partial Guarantee.

40. Thank You
Undersecretariat of Renewable Energy
Ministry of Energy and Mining
Presidency of the Nation
Paseo Colón 189 Piso 9
Tel. (+54 - 11) 4349-8033/8186
privadarenovables@minem.gob.ar
Documents available at: www.cammesa.com.ar and www.minem.gob.ar