Renewable energy.
On July 25, the Energy Ministry launched a tender to award contracts for up to 1,000 megawatts to supply renewable energy to CAMMESA, the state-owned wholesale electricity market administrator. The Renewable Energy Promotion bill approved last year sets ambitious targets, calling for 8% of electricity to come from renewable sources by 2017, gradually increasing to 20% by 2025.
Drops in international oil prices will likely delay development of the Vaca Muerta unconventional hydrocarbons reservoir.
This may encourage the authorities to look at renewable energy to meet expected short-term increases in demand.
Renewable energy chamber CADER claims that 3,000 megawatts of renewable capacity could be added within two years, with proper incentives.
