Argentina president sets tone for major renewables push in 2017

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on 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

September 8, 2021
Sonnedix, Opdenergy and Canadian Solar were among the five successful bidders in Chile’s latest power auction, which took place yesterday (7 September) and will see the country support 2GW of renewables and storage installations.
July 20, 2021
Spanish developer Grenergy has added three new directors to its team with the aim of accelerating its European energy and storage operations
July 8, 2021
BlackRock has secured more than US$250 million for a finance vehicle that will invest in renewables and energy storage projects in countries across Asia, Latin America and Africa.
July 2, 2021
Renewables developer Mainstream Renewable Power has achieved financial close for a solar and wind platform in Chile consisting of ten projects with a total capacity of 1.35GW.
July 1, 2021
Engie has been awarded rights to develop two hybrid projects in Chile that will combine solar, wind and battery storage and have a combined capacity of 1.5GW.
June 9, 2021
Green energy investments in developing countries will need to reach US$1 trillion within the next nine years for the world to reach net zero emissions by 2050, according to the International Energy Agency (IEA).

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 6, 2021
Solar Media Events
October 19, 2021
Solar Media Events
December 1, 2021