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SERGIO DRUCAROFF
Undersecretary of Public Procurement and Suppliers Development
RENEWABLE ENERGY IN
ARGENTINA: POWERING UP A
NEW GLOCAL VALUE CHAIN
02
ARGENTINA HIGH POTENTIAL IN RENEWABLES
2018
WIND
SMALL HYDRO
BIOMASS
BIOGAS
SOLAR AREA: 2,8 MIO. KM2
POPULATION: 44 MIO.
MAIN FIGURES
GDP: 580 BN
03
LEGAL FRAMEWORK TIMELINE
2018
1998 2006 2015 2016 2017
Ley 25.019
Oriented to
foster Solar PV
and Wind
Energy
LEY 27. 191 IMPLEMENTATION:
• E. Decision 531/16
• Resolution 72/16
• Joint Resolution 123/16
Ley 26.190
Renewable
Energy
Promotion
Act
Ley 27.191
Reformulation of
Renewable
Energy
Promotion Act
• E. Decision 814/217
• Joint Resolution 1E/17
ROUND 1 / 1.5
ROUND 2
PRIVATE MARKET
04
2018
+ 12.500 (*)
JOBS CREATION
USD 15.000 Mio. GROSS INVESTMENT
SHARE OF RENEWABLE ENERGY CONSUMPTION TO
REACH
OF TOTAL CONSUMPTION BY
2025
20%
10.000 MW
INCREASE LOCAL CONTENT IN RENEWABLE ENERGY
PROJECTS
AVG LOCAL CONTENT IN PROJECTS
42% MINIMUM LOCAL CONTENT FOR
WTG BY 2023
50%
TARGETS & PROJECTIONS LEY 27.191
OF NEW CAPACITY TO BE
INSTALED BY 2025
200 SUPPLIERS WIND, SOLAR, BIOMAS, BIOGAS AND
ELECTRIC PARTS & EQUIPMENT
(*) 9.500 in industrial activities + 3.000 in operation and maintenance
2018
5
MEASURES TO PROMOTE LOCALIZATION
0% TARRIF FOR NON
LOCALLY PRODUCED
PARTS AND COMPONENTS
14% TARIFF FOR WIND
TURBINES
REDEFINITION OF LC
RULES FOR GOODS, PARTS
AND COMPONENTS
WIND TURBINE LC RULE:
INTEGRATION TABLEAU
(TO REACH 50% IN 2023)
MANDATORY SUPPLIERS
REGISTRATION PROGRAM –
REPROER-
FISCAL CREDIT
AND SUPPLIERS
DEVELOPMENT
20% FISCAL CREDIT FOR
LOCAL EQUIPMENT
BICE BANK PRODEPRO
FUNDING FOR SUPPLIERS
BUSINESS ROUNDS WITH
SUPPLIERS
NEW LOCAL
CONTENT FRAME NEW TARIFF
SCHEME
0% FOR SOLAR PV
GENERATOR
$57/MW avg price
14% avg CND
$56 avg. wind price
11% avg CND for wind
$51/MW avg price
30% avg CND
$41 avg wind price
37% avg CND for wind
6 |
RESULTS ROUND 2
ROUND 1 / 1.5
ROUND 2
LOCAL
CONTENT
INCREASE
COUPLED WITH
PRICE
REDUCTION
07 LOCALIZATION PROJECTS SUPPLIERS CHAIN DEVELOPMENT
2018
WTG COMPONENTS %
BLADES 19,5
TOWERS AND INTERIORS 23
CONNECTION CABLE 2,5
PITCH SYSTEM 3,5
HUB MACHINING 2,5
BLADE BEARINGS 2
HUB ASSEMBLY 3
NACELLE MAIN FOUNDATION 3
NACELLE FRAMES AND SHELL 2
NACELLE ASSEMBLY 10
YAW SYSTEM 2,5
POWER CONVERTER 3
GENERATOR 5,5
GEARBOX 11
DRIVE SHAFT 3,5
HEAT EXCHANGER 1
SWITCH GEAR 1
TRANSFORMER 1,5
45% 50%
35% Up to Jun 2020
Jul 2020 – Dec 2021
Jan 2022 – Dec 2023
NEED TO DEVELOP SUPPLIERS CHAIN IN
ORDER TO COMPLY CONTENT RULE
POSSIBLE LOCAL PARTNERTSHIP IN MACHINING,
HYDRAULICS AND ELECTRIC COMPONENTS
COMBINED POTENTIAL WITH OTHERS STRATEGIC
INDUSTRIES: OIL & GAS + RAIL INDUSTRY
08 PRODEPRO
SUPPLIERS DEVELOPMENT PROGRAM
2018
OBJECTIVE
The program seeks productive
transformation in strategic sectors
through the improvement of the
capabilities and competitiveness of
companies
RAILWAY OIL & GAS
MINING
ENERGY SHIPBUILDING
WATER &
SANITATION ITC
HEALTH AEROSPACE
ELECTRONICS
NUCLEAR
USD7M APPROVED FINANCING
RENEWABLE ENERGY LOCAL
SUPPLIERS INVESTMENT
09 TOWARDS A GLOCAL RENEWABLE VALUE CHAIN
CONNECTED TO WORLD MARKETS
NACELLE STRUCTURE AND
ELECTRIC COMPONENT
TOWERS, FUNDATIONS AND
ANCHORS
HUB
WT MANUFACTURES
STRONGER LOCAL SUPPLY CHAIN WITH
INTERNATIONAL STANDARDS
010
RENEWABLE ENERGY ACCORD WE WANT THINGS TO HAPPEN FAST AND SMOOTH
CELEBRATED ON OCTOBER
27th 2017
Agreed between The President,
representatives of industrial chambers
and associations, unions leaders and
Provinces in order to:
• Increase local content
• Develop local supply chain
• Foster exportations
• Encourage labor productive
• Promote quality jobs
FIRST RENEWABLE ENERGY
ACCORD PLENARY 1/06/18 - SALTA
4 main topics:
• Logistics challenges
• Red-Tape reduction
• Financing for projects and suppliers
• Labor costs & productivity
SECOND RENEWABLE ENERGY
ACCORD PLENARY OCTOBER 2018
5 main topics
• Logistics challenges
• Red-Tape reduction
• Financing for projects and suppliers
• Labor costs & productivity
• Exports promotion
VIELEN DANK
ANEXOS
012 2018
13
0% TARIFF FOR NON LOCALLY PRODUCED PARTS AND COMPONENTES OF WT • Manufacturers shall follow local content rules but are able to import at 0% tariff the parts and
componentes that cannot be localized in the short run
TARIFF INCREASE FOR WIND TURBINES • As of July 2018 a 14% tariff was introduced for wind turbines.
I
II
III 20% FISCAL CREDIT • Renewable energy farms that reach 30% of CND(*) are eligible for fiscal credit equivalent to
20% of the value of all their local components.
As of January 2018 new tariff scheme was introduce in order to promote the wind turbine manufacturers
localization in Argentina and their suppliers:
Local wind turbines competitiveness is largely increased vs. imported options
II NEW TARIFF SCHEME TO PROMOTE LOCALIZATION
(*) Local Content Declared at the Renovar Auctions for any renewable energy Project
14
LOCAL CONTENT RULES FOR PARTS, COMPONENTS AND SUBCOMPONENTS
• 60% LOCAL ADDED VALUE
• To be considered local, no more that 40% of the ex-work value of the part, component or
subcomponent shall be imported (CIF value).
• CHANGE OF HS TARIFF CODE + 25% LOCAL ADDED VALUE
• Local last substantial transformation + 25% local added value
WIND TURBINES RULE
• Increasing local added value for WT following an integration tableau:
35% up to June 2020
45% up to December 2021
50% up to December 2023
• WT componentes listed in the tableau shall follow Content Rule for parts and componentes
I
II
14
SUPPLIERS REGISTRATION PROGRAM – REPROER-
• Mandatory registration for suppliers in order to verify the compliance of local content rule
• Helps developers to identify local suppliers that comply with regulation
III
Local rules promote suppliers chain development in Argentina
I NEW LOCAL COMPONENTS RULES
As of September 2017 new content rules were introduced in order to Foster local integration
015 ENERGÍAS RENOVABLES
LOCALIZATION PROJECTS HIGHLIGHTS
2018
16 MM USD
200 DIRECT INDUSTRIAL JOBS
450 INDIRECT JOBS
20 MM USD
350 JOBS
300 TOWERS PRODUCED A YEAR
ANOUNCEMENT IN PROGRESS…