Argentina should reach 9GW of installed wind capacity by 2030 as the technology becomes increasingly competitive and the local industry gains momentum after its 2016 start-up, said a market expert.
“This is three times the amount of wind contracted in the first tenders in 2016 and 2017,” said Mauro Soares, CEO of OES Energía, a renewable energy consulting firm, during a webcast on ‘Doing Business in Argentina’ promoted by the Global Wind Energy Council (GWEC).
Soares believes that the sector is going to speed up further after a surprisingly quick start in 2016, when the government enacted the country’s 2015 renewable energy law and held the first RenovAr tenders within four months.
At the end of 2018, he says, 700MW of the 3GW contracted in the RenovAr tenders will be operational. Added to the 200MW of existing wind capacity, that could put Argentina at the 1GW operating level.
The RenovAr programme aims to build 10GW of renewables capacity by 2025 from less than 500MW today. It was launched in 2016 following approval of the renewables law, which set a target of non-hydro renewable power supply of 20% by 2025 from current 2% levels.