Law for the Promotion of Electricity Generation with Renewable Resources

It seeks to promote, through fiscal incentives, the development of new power generation projects using renewable energy resources and projects in operation that increase the installed generating capacity from renewable sources, as well as power generation project that use biomass and or biogas in a sustainable manner. The Law defines renewable sources as those that exist in nature, and can be extracted in a sustainable way and are capable of producing electricity. The renewable sources include: hydro, wind, solar, geothermal, bioenergy and others. In the case of biomass It refers to all organic resources that can be used for energy production and are produced indigenously and sustainably.

In 2015 benefits granted by the programme wil expire. 

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