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

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.

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