Argentina president sets tone for major renewables push in 2017

The nation is targeting 20% renewables in its energy mix by 31 December 2025. wikimedia commons credit: Presidencia de la Nación

Having been slow to actively encourage solar deployment in comparison to other major South American markets, Argentina has now declared 2017 as a “Year of Renewable Energy”, under a decree from its official gazette.

President Mauricio Macri has asked for official documentation from the National Public Administration use the '2017 – Year of Renewable Energy' legend, while there will be a surge in seminars, conferences and educational programmes promoting renewables.

The decree also outlined three benefits of a renewables transition:

  1. reduction of greenhouse gas emissions
  2. reducing reliance on other countries for energy supply
  3. creation of local jobs for project installation, manufacturing and O&M services

The nation is targeting 20% renewables in its energy mix by 31 December 2025.

Argentina's auctions for solar and wind utility-scale projects last year, under the RenovAr programme, were highly successful. Out of these 59 projects have been awarded, which will provide the equivalent to 6% of the national energy demand once complete.

Credit ratings firm Fitch has already praised the RenovAR programme claiming that it successfully addresses legal and off-take risks, and mitigates certain counterparty risks present in traditional renewable energy projects.

See the latest edition of PV Tech Power for a detailed look into Argentina’s emergence in 2016.

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