Latin America Energy Updates: September And October 2024

Introduction

This GT Alert highlights significant energy sector developments in Latin America from September and October 2024.

A. Argentina

CAMMESA launches new MATER call for up to 880 MW allocation.

The Argentine Wholesale Electricity Market Administration Company (CAMMESA) opened a new Renewable Energy Term Market (MATER) call to award up to 880 MW in transmission capacity, depending on the projects submitted. This third-quarter call offers less capacity than in previous rounds, especially in areas with better wind and solar resources.

Key points:

• 209 MW will have full dispatch priority.
• Up to 881 MW will use the Referential "A" mechanism, with up to 8% curtailment.