The new standards apply to the production of components for large-scale solar installations and renewable energy projects that are awarded contracts under the RenovAr program. Developers of projects with local content requirements have access to a different set of fiscal incentives than those that utilize exclusively imported components.
In Resolution 1-E 2017, the ministry has adjusted the technical criteria to determine the amount of components that can be locally manufactured and the corresponding quota of components that can be imported.
A week ago, the Argentinean government revealed plans to issue a decree to continue exempting imports of PV components from custom duties. The current legislation exempts PV and wind power project developers from paying duties of up to 14% on imports of required components such as solar modules and inverters.
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In mid-August, the Argentinian authorities launched the second round of it auction program. It included 1.2 GW of capacity, of which 450 MW was set aside for solar PV. The RenovAr program was initiated last year, with more than 2.5 GW of renewables capacity awarded, of which 900 MW was reserved for PV.
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