Ecuador announces winning bidders in 500MW renewable tender

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The Ministry of Energy and Mines of Ecuador has unveiled the winners of a tender for 500MW of renewable capacity to be built across the country.
The Ministry has selected seven companies, including France’s Neoen and Total Eren, Spain’s Dominion Energy, Consorcio Santa Rosa Energy and Consorcio El Rosado Energy, as well as Ecuador’s Consorcio San Jacinto and Mexico's Consorcio Esco to build 30MW of biomass and biogas power plants, 120MW of solar PV plants, 150MW of small hydroelectric plants and 200MW of wind parks.
The Ministry of Energy and Mines of Ecuador said it expects these projects to bring US$689m (€630.8m) (in private investments to the country and 2 TWh/year of power to the Ecuadorian grid, as well as to reduce emissions in the country by about 1 MtCO2eq/year.
The tender was launched in December 2022 and the ministry released the list of bidders that submitted offers in the final stages of the competition earlier in 2023.
All of the offers were below the ceiling price that the ministry set for each technology: US$52.44/MWh (€48.01) for hydropower, US$61.12/MWh (€55.9) for wind , US$67.79/MWh (€62.07) for solar and US$45.59/MWh (€41.74) for biomass.

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