Important news was made public today in Argentina regarding
electricity generation from renewable sources.
(1) The Official Gazette published the following resolutions of the
Ministry of Energy and Mining:
– Resolution No. 71/2016
("Resolution 71"). This Resolution sets
forth the initiation of the Procedure for the Open Call to supply
in the Wholesale Electricity Market
("MEM", for its acronym in Spanish
language) electricity from renewable generation sources denominated
the "RenovAr Program (Round 1)"
("RenovAr") in order to comply with the
renewable energy contribution targets established for December
31st, 2017 by Law No. 27,191 (the "Open
Call"). With the purpose of implementing the Open
Call, Resolution 71 promotes a public consultation of a
preliminary draft of the Bidding Terms and
Conditions (the "Preliminary Bidding
Terms"), a draft of Renewable Power Purchase
Agreement ("Renewable PPA"),
and other related documents to be published by the
