Argentina president sets tone for major renewables push in 2017

Facebook
Twitter
LinkedIn
Reddit
Email
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.

Read Next

June 21, 2022
Management firm Mirova has acquired solar finance business SunFunder in a push to expand its investment platform in emerging markets.
June 20, 2022
Uruguay has launched its green hydrogen roadmap that will see the country aim to install 20GW of renewables as well as 10GW of electrolysers by 2040.
May 24, 2022
Spanish renewables developer Grenergy is looking to expand its presence in Europe in five new markets in the wake of the continent's REPowerEU plan.
May 4, 2022
French independent power producer (IPP) Neoen recorded a 36% leap in revenue in Q1 2022, solar revenue rising 31% year-on-year.
PV Tech Premium
April 22, 2022
Having last month utility-scale solar in Sweden, Finnish investor Korkia is eyeing up a portfolio of renewables investments that stretches from Canada to Romania via partnerships with local developers capable of embracing the Lego-like replicability and scalability of solar PV. PV Tech Premium speaks to Mikko Kantero, executive vice president of renewable energy at Korkia, to find out more.
PV Tech Premium
March 25, 2022
After years of not living up to its solar potential, Brazil is on the cusp of a solar boom. A confluence of factors has led to rapid investment and deployment in the country, but a few hurdles still need to be overcome, writes Sean Rai-Roche.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
September 7, 2022
15:30 AEST (UTC +10)
Solar Media Events
September 14, 2022
London
Solar Media Events
October 4, 2022
New York, USA
Solar Media Events
October 11, 2022
Virtual event