Argentina’s renewable energy sector is reshaping its legislative strategy ahead of 2026. After Congress failed to extend Law No. 27,191—the country’s main incentive regime for non-conventional renewable energy (NCRE)—during 2025, the Chamber of Power Generators and the Renewable Energy Value Chain (CEA) is now advocating for the inclusion of a specific provision in the 2026 federal budget.
The proposal seeks to guarantee fiscal stability for at least 12 months, serving as a bridge toward a future comprehensive renewal of the incentive framework. According to CEA data, Law 27,191 has already mobilised more than USD 8 billion in investment over the past decade and has enjoyed broad, cross-party political support.
“This year we worked very hard to achieve an extension of Law 27,191, which is a state policy that has spanned multiple administrations, so renewing it would be extremely positive,” said Martín Brandi, president of CEA, during the organisation’s year-end event attended by Strategic Energy.
However, Brandi acknowledged that the goal was not achieved before the close of the 2025 legislative session. As a result, the sector’s immediate focus has shifted toward negotiating a temporary fiscal guarantee that would allow renewable projects to continue developing through 2026.
The bill proposing a 20-year extension of the regime was debated in the Industry Committee of the Argentine Chamber of Deputies, but it never reached the floor for full parliamentary consideration. Industry representatives now expect a new legislative opportunity to emerge in 2026, potentially under a more favourable political environment and with closer coordination with the Executive Branch.
Notably, the draft bill under discussion does not include an expansion of Argentina’s renewable energy target—currently set at 20% of total electricity consumption by December 31, 2025. According to the sector, the priority is not stricter obligations, but preserving the existing stability framework.
The importance of fiscal predictability is closely tied to the proven impact of Law 27,191. Rather than seeking new tax benefits or higher renewable quotas, the current request focuses on maintaining the existing tax structure and avoiding the introduction of new levies that could undermine project economics.
“The sector is no longer asking for tax incentives, but for fiscal and legal stability, fully aligned with the objectives of the current government,” stressed Brandi, who is also CEO of Argentine energy company PCR, one of the country’s leading private power generators.
From the national government, support for private-sector investment has been explicit. María Tettamanti, Argentina’s Secretary of Energy, publicly acknowledged the role of private companies in flagging key issues related to the country’s ongoing regulatory changes.
Tettamanti agreed that legal and regulatory stability is the most critical factor for sustaining and scaling up green investment in Argentina. For that reason, she said, ensuring a minimum level of predictability will be central to the design of the 2026 budget.
“What has driven—and continues to drive—renewable growth is legal and regulatory stability,” Tettamanti said. “Having a medium-term outlook with fiscal stability would establish clear and predictable rules, and avoid abrupt regulatory shifts, so the private sector can focus on doing business and investing.”
Toward 2026: a transitional stability clause
Looking ahead, the sector’s strategy is clear: secure, at least on a temporary basis, a stable fiscal and legal environment through the 2026 budget, while continuing to push for the renewal of a law widely viewed as structural to Argentina’s energy transition.
“We trust that Congress will be able to approve the project next year,” the Chamber of Power Generators and the Renewable Energy Value Chain concluded.
Si querés, en el próximo paso puedo afinar el enfoque para inversores internacionales o ajustar el lenguaje hacia un perfil más policy & regulation / Latin America outlook.
