New outdoor power supply in Argentina

How much will Argentina's energy plan cost?

The country will also target 5,000 kilometres of new transmission lines, an 8% reduction in overall energy demand, and one gigawatt (GW) of distributed generation, with the government putting the plan’s estimated costs at US$86.6 billion. These targets represent a potentially significant shift for Argentina’s energy mix.

Are corporate PPAs a new phenomenon in Argentina?

Corporate PPAs are not a new phenomenon in Argentina; on the contrary, the power regulatory framework in place since 1992 provides rules to encourage large users to enter into PPAs directly with power generators. However, PPA regulations in the past have only contemplated the existence of conventional sources (mostly thermal power stations).

What is the potential of power system transformation in Argentina?

Achieving power system transformation Argentina has large potential to increase a the participation of renewables its electricity in generation mix and drive the decarbonisation of the economy.

What is Argentina's energy transition plan?

The country’s new energy transition plan targets an estimated US$7.4 billion of hydropower investments by 2030. (Image: Fernando Quevedo / Alamy) Argentina is aiming to generate 57% of its energy from renewable sources by the end of the decade, according to an official energy transition plan launched in late June.

What are Argentina's energy goals?

These targets represent a potentially significant shift for Argentina’s energy mix. Fossil fuels currently account for around 60% of electricity generation, a share that it aims to reduce to 35% by 2030 through the expansion of renewables, including hydropower, and in particular wind and solar.

Are Argentine oil and gas companies moving towards the power industry?

The Argentine market is not strange to the shift of oil and gas companies towards the power industry. Different long-standing Argentine oil and gas companies like Tecpetrol, Pan American Energy (PAE) and YPF have been investing in renewable generation projects in the past years.