Via Photon | Nov. 12th, 2014 — The governor of the Argentinean province of San Luís has signed a bill aimed at supporting the development of renewable energy projects across the region as a means of generating jobs, according to local news source Agencia de Noticias San Luís.
The proposal, which must now be approved by the regional parliament, intends to grant renewable energy developers fiscal breaks for their projects and to create a register for renewable energy power plants.
The bill would also create a special fund to finance infrastructure works to facilitate the building of renewable energy plants. The article does not provide more details on the proposed incentive program.
Argentina has had limited success with solar energy development to date, but the central Argentinean province of San Luís aims to change this. According to the province’s environment ministry, a 1 MW PV plant constructed with the support of local authorities was commissioned in the municipality of Terrazas del Portezuelo on Oct. 21.
The Terrazas del Portezuelo solar project, which required an investment of 30 million ARS ($3.5 million), is the first megwatt-size PV plant completed in the province.