Argentina’s new incentives for individual solar projects will increase its solar capacity 35-fold, it has been claimed.
According to Marcelo Alvarez, head of trade organisation Camara Argentina de Energia Renovable (CADER), in the past year his organisation has applied for permission to construct 11 projects with a capacity of approximately 20MW each.
A report in Bloomberg. reveals that Argentina has plans to build 3,000MW in clean-energy capacity, of which about 10% is expected to come from solar. Currently, solar accounts for only 6.2MW of that capacity, due to weak government subsidies.
Last summer, Argentina’s energy department approved a 20MW solar project in the western province of the country’s wine capital Mendoza. Further investments in Argentina include projects by Solaria Energía y Medio Ambiente that is planning to develop up to 50MW of PV projects in the country.
According to Pew Charitable Trusts, a non-profit market research organisation, Argentina invested just US$80 million in renewables in 2009
The country intends for 8% of its energy to come from renewables (roughly 2GW) by 2016. However, Pew states that Argentina was among several G-20 members that did not submit an emission reduction commitment to the U.N. following the Copenhagen climate summit, making this target non-binding.