July 15 (Renewables Now) - The Argentine government has launched a a Tax Credit Certificate (CCF) incentive for the implementation of solar distributed generation (DG) systems of up to 2 MW.
This incentive is specifically attractive for small and medium-sized enterprises (SMEs), businesses and industries, looking to create self-consumption renewable energy arrays, the Undersecretariat of Renewable Energy and Energy Efficiency said on Friday.
A tax credit certificate of ARS 15,000 (USD 360.2/EUR 319.5) is provided for each kilowatt installed, with a maximum of ARS 1 million per installation. The application for the CCF is done by the interested party itself, through the Distance Processing Platform (TAD), without the need for intermediaries.
Since March, more than 250 requests were made, which represents a total power capacity of around 9 MW, the government noted.
(ARS 10 = USD 0.24/EUR 0.21)