What factors explain the success of regulatory regimes in attracting investment for the deployment of wind energy projects? : a comparative analysis of Argentina, Chile and Uruguay = (¿Qué factores explican el éxito de un marco regulatorio para atraer inversión en proyectos de energía eólica? : una análisis comparativo de Argentina, Chile y Uruguay).
Date
2013-
Authors
Blanco, María Josefina
relationships.isContributorOfPublication
Eliaschev, Nicolás
Journal Title
Journal ISSN
Volume Title
Publisher
Universidad de San Andrés. Departamento de Derecho
Abstract
Academic literature of renewable energy law and policy has so far mainly concentrated on the
U.S., Europe and China. This paper looks to bring focus to Latin America through a comparative
analysis of Argentina, Chile and Uruguay. It looks to provide a comprehensive description of the
renewable energy policies and regulations in the three selected jurisdictions and the results of performance
in attracting investment for wind energy projects. Wind energy is the most mature non-conventional
renewable energy technology and is among the renewable energy technologies with greatest potential for
future development. Successful deployment of wind energy and other renewable energy technologies is largely
determined by a policy’s ability to foster investment from the private sector. Policy – especially in a highly
regulated sector like electricity – is embodied in legislation and other regulatory measures. Therefore, this
paper concentrates on reviewing such legislation and regulation in order to understand its efficacy.
An analysis of the results suggests that Argentina’s failure in attracting significant investment
for wind energy technology is due in large part to poor investment certainty and to more general failures of
the electricity regime. However, these factors alone do not explain the results observed in Chile vis-à-vis
Uruguay. Rather, in this case, and analysis of the results suggests that the variation in performance is
due to the ability of the specific regulatory framework to address a wide scale of issues that are considered
by investors when making capital-commitment decisions.
Description
Fil: Blanco, María Josefina. Universidad de San Andrés. Departamento de Derecho; Argentina.
Keywords
Wind power -- Law and legislation -- Argentina. , Wind power -- Law and legislation -- Chile. , Wind power -- Law and legislation -- Uruguay. , Energía eólica -- Legislación -- Argentina. , Energía eólica -- Legislación -- Chile. , Energía eólica -- Legislación -- Uruguay.