The Argentinean province of Jujuy has issued a $210 million green bond which will co-finance a 300 MW solar project selected in the first round of the country’s program for large-scale renewables RenovAr.
The bill, which will now have to be approved by the Senate, is intended to introduce a net metering scheme for residential and commercial PV.
The two production facilities will be located in the northern province of Mendoza and will provide the modules for PV projects developed under the Renovar program.
In Argentina’s new renewable energy tender, solar came in second with the quota of 450 MW.
The exemption will relate to purchasing, manufacturing and importing of components to build renewable energy power projects.
The Parliament’s Committee for Energy and Fuels has reached an agreement for a unified text of the net metering scheme that is expected to finally support residential and commercial PV and other distributed generation renewable sources across the country.
The solar venture will be created via a $40 million investment and will employ more than 150 people during its construction phase, the Argentinian province of Nueva Rioja has confirmed.
A draft of the new rules was submitted to public consultation by the Argentinean government. The new regulation, if implemented, would authorize the sale of power to large industrial power consumers by direct agreement.
A delegation of Argentina’s Ministry of Finance has met with representatives of the Chinese government to discuss, among other things, the financing of the 300 MW solar project selected in the first national renewable energy tender of the RenovAr program.
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