New market rules set to enable US$ 6bn in investment in Argentina’s renewable power sector



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Renewable Energy Focus

New market rules which will allow large power users to directly meet their renewable power obligations through private supply contracts could lead to up to US$ 6 bn being invested in Argentina’s energy sector over the next three years, and lead to the installation of around 4 GW in new generation capacity, the Energy Ministry says.

The new rules were discussed with local and international investors and equipment suppliers at a seminar organised by the Global Wind Energy Council (GWEC), with the participation of the Energy and Mining Ministry and the Argentinian-German Chamber of Commerce (AHK) at the Buenos Aires Stock Exchange on 1st September.

“Renewable power development today occupies a central place in Argentina’s energy, political, social and economic agenda”, said Sebastian Kind, Undersecretary of Renewable Energy at Argentina’s Ministry of Energy and Mining. “We have settled long-term policies and we are witnessing the outcomes of such policies”, he added.