Argentina kicks off its 1GW Renewable Tender Process

On March 30, 2016, the Executive Branch of Argentina issued Decree No. 531/16, which regulates laws 26,190 and 27,191, and initially establishes the Regulatory Framework for the Promotion of Use of Renewable Energy in Electric Power Generation (the “Regulatory Framework”). The Regulatory Framework sets forth the following milestones for the satisfaction of electric power from renewable sources: Percentage of electric power demand to be satisfied from renewable sources Deadline 8% 12/31/2017 12% 12/31/2019…
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