Recharge
The South American nation has plenty going for it as a renewable leader but one thing is missing, writes Alexandre Spatuzza.
Argentina has the perfect recipe for a global renewable energy leader – almost.
It has unquestionably excellent solar and wind resources; power demand growing at more than 3% a year; a need to revamp an outdated power generation fleet; clear and ambitious renewables targets and legislation; and keen interest from the global clean energy sector.
But one essential ingredient to make the country’s 10GW renewables ambition a reality has yet to be secured – a sound financing structure that will guarantee returns on the investments secured so far in the first tender round and to sustain investor appetite for the following rounds.
