Renewable Energy Resources
The National Promotion Direction (DNPROM) within the Energy Secretariat (SENER) is responsible for the design of programs and actions conducive to the development of renewable energies (through the Renewable Energy Coordination) and energy efficiency (through the Energy Efficiency Coordination) initiatives. Complementarily, the Secretariat for the Environment and Natural Resources (SEMARNAT) is responsible for environmental policy and the preservation of renewable and non-renewable resources.
The most important legal instruments for the promotion of renewable energy are Law 25,019 from 1998 and Law 26,190 from 2007. The 1998 law, known as the “National Wind and Solar Energy Rules”, declared wind and solar generation of national interest and introduced a mechanism that established an additional payment per generated kWh which, in 1998, meant a 40% premium over market price. It also granted certain tax exemptions for a period of 15 years from the law's promulgation. The 2007 Law complemented the previous one, declaring of national interest the generation of electricity from any renewable source intended to deliver a public service. This law also set an 8% target for renewable energy consumption in the period of 10 years and mandated the creation of a trust fund whose resources will be allocated to pay a premium for electricity produced from renewable sources.
Read more about this topic: Electricity Sector In Argentina
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