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Investment in Argentina - Renewable Energy - Doing business in Argentina

Argentina is amongst the first four countries with the highest levels of unproven reserves of shale oil and shale gas, and its territory offers plenty of opportunities to renewable energy sources. Furthermore, Argentina also has important reserves of conventional gas2. In 2015, Law No. 27191 was enacted to promote the use of renewable sources for electric power generation. This law requires that, by the end of 2025, 20 % of all the electric power derives from renewable energies. With the aim of attracting capital investments in the sector in order to achieve the goals set by the new law, the Ministry of Energy and Mining launched the RenovAr program. Rounds 1.0, 1.5 and 2.0 of the program sh