Year:2011 (Dec 11th)
Policy status:In Force
Date Effective:2011 (Dec 11th)
Policy Type:Economic Instruments>Fiscal/financial incentives
Policy Target:Wind
Policy Sector:Electricity
Agency:Ministry of Industry, Energy and Mining (Secretary of Energy); National electricity utility (UTE)
Legal References:Executive Branch Decree N° 424-011

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