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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