Argentina’s Ministry of Economy has launched a 500 MW battery storage project in Buenos Aires, requiring USD 500 million in investment. The initiative aims to modernize electrical infrastructure and enhance grid stability in response to declared emergencies in the energy sector. With a planned completion period of 12-18 months, the project seeks to draw private investments while addressing energy shortages.
The Ministry of Economy in Argentina has initiated a tender process for proposals to implement a 500 MW battery energy storage project in the Buenos Aires region. This initiative, named ‘GBA Storage – AlmaGBA,’ requires a substantial investment of around USD 500 million. The project’s objective is to enhance the national energy infrastructure, improving grid stability and attracting private investments, with a projected completion timeframe of 12 to 18 months.
Argentina’s move to launch a 500 MW battery storage tender signifies a critical investment in modernizing its energy infrastructure. This project aims to alleviate challenges within the electrical grid, especially during peak demand periods, while fostering private sector involvement. As the nation grapples with energy shortfalls, such advancements are essential for ensuring reliable electricity supply and promoting sustainable development.
Original Source: www.energetica-india.net
