Friday, October 23, 2015

Argentina: Plan for 30 MW of Geothermal Energy Could be Revived

New renewables law in Argentina may reactivate projects - report (SeeNews Renewables)

The enactment of Argentina's new renewable energy law could reactivate old projects of the Genren program, local energy news site Energia Estrategica said Thursday, quoting Roberto Sarquis from state-owned energy company Energia Argentina SA (Enarsa).

In 2010, the government awarded power purchase contracts to nearly 1,000 MW of renewable energy projects under the programme, the bulk of which have not attracted financing.

Many of the projects may resume if they are able to receive financing, for which the law will be very helpful, according to Sarquis. Among other measures, the government will direct 50% of the savings from fuel imports resulting from renewable generation to a new fund supporting the renewables, which Sarquis believes will stimulate old projects too.

Launched in 2009, the Genren energy program proposed development of 30 MW of geothermal energy in Argentina.

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