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Clifford Chance

Clifford Chance

Briefings

RenovAr, Argentina's Renewable Energy Program

1 August 2016

Under Law No. 27,191 and Decrees No. 531/2016 and 882/2016, Argentina overhauled its renewable energy framework with the launch of the RenovAr program, with a view to increasing progressively the renewables share of its energy matrix from the current 1.8% to 8% by December 2017 and ultimately 20% by 2025. Recently, the Argentine government published the final bid documents for the initial tender to award long-term power purchase agreements for at least an aggregate 1GW of wind, solar, biomass, biogas and mini-hydro projects. Bids are due on September 5, 2016 and awards are expected to be announced on October 12, 2016.

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