Aug 25 (Renewables Now) - Argentina's Ministry of Energy and Mining on Tuesday published regulations that set the rules for direct power purchase agreements (PPAs) between renewable energy producers and large consumers.
The country has set a target of 8% renewables in its electricity mix by the end of 2017 and 20% by the end of 2025. Large power consumers with annual demand of 300 kW or more are required to individually comply with these targets.
The ministry released draft rules on the private renewable PPAs in June. Hitherto the Wholesale Electricity Market Administration Company (CAMMESA) was the administrator and only customer of the wholesale electricity market in the country.
The document was published in the Official Gazette.
Argentina last week launched the second round of its RenovAr renewable energy auction programme, aiming for a total of 1.2 GW, including 550 MW of wind and 450 MW of solar capacity.