25 Apr '16, 10am

Analysis: Argentina targets 10GW of renewables

The first renewable energy tenders will be offered by end May, energy minister Juan Jose Aranguren announced after publishing rules to implement a new renewable energy law. Previous attempts to develop Argentina's renewables potential failed due to a lack of political support, said Juan Bosch, president of Chilean energy trading firm Saesa. It took the government three years to publish rules for the 2006 law, which had originally aimed for the country to receive 8% of its electricity from renewable sources by 2016 — now pushed back to end 2017. The lack of clear policy support combined with Argentina's difficult macroeconomic conditions left many investors struggling to secure financing. Only 188MW was built under the 2006 law, bringing the country's current total installed capacity to 279MW — compared with roughly 900MW in neighboring Chile and Uruguay and more than 9GW i...

Full article: http://www.windpowermonthly.com/article/1392473/analysis-...

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