|Year:||2011 (Dec 11th)|
|Policy status:||In Force|
|Date Effective:||2011 (Dec 11th)|
|Policy Type:||Economic Instruments>Fiscal/financial incentives|
|Renewable Energy Policy Targets:||Wind|
|Agency:||Ministry of Industry, Energy and Mining (Secretary of Energy); National electricity utility (UTE)|
|Legal References:||Executive Branch Decree N° 424-011|
|Renewable Energy Description:|
Given the below-expected prices obtained in the 2011 auction from the 159/2011 Decree, the Decree 424/2011 was set in order to allow developers who were unsuccessful with the 159/2011 decree to be awarded PPAs at USD 63.5/MWh for projects up to 50MW.
The project developers had to satisfy all requirements set by the Decree 159/2011 unless otherwise mentioned in 424/2011. The decree did not allot more than 50MW to any bidder.
|Related policies:||Auctions of up to 150 MW of wind energy (159-2011) , Wind power auctions (403-2009) , Auctioning decree (77-2006)|
Last modified: Thu, 21 Apr 2016 12:37:52 CEST