Through Resolution 883/23 of the Secretariat of Energy (hereinafter referred to as “Resolution SE 883/23”) (B.O. 01/11/23), it was established the possibility that those Projects executed under the RenovAr Program that fail to comply with the Scheduled Commercial Qualification Date and/or Deficiency of Committed Energy Supply and/or deficiency in the compliance with the Declared National Component (CND), may compensate the penalties imposed by COMPAÑÍA ADMINISTRADORA DEL MERCADO MAYORISTA ELÉCTRICO SOCIEDAD ANÓNIMA (CAMMESA), through investments destined to the effective incorporation of new electric power capacity from renewable sources.
Access the compelte text of the Resolution here.
This publication does not constitute a legal opinion on specific issues. If necessary, specialized legal advice should be sought.
For further information, please contact:
Agustín Siboldi – SiboldiA@eof.com.ar
Jorge Muratorio – MuratorioJ@eof.com.ar