Argentina solar finance system

Does Argentina have a potential for solar energy utilization?

Conclusions Our work found a large gap between Argentina’s potential for solar energy utilization and the current solar energy deployment, despite advantages such as a high solar and land resources.

When did solar thermal energy become a key energy source in Argentina?

Solar thermal energy in Argentina was already considered a potential key energy source in 1975 , when a national R&D program for the development of solar energy and other renewables was launched, leading to numerous research programs (see next section) and the elaboration of norms and certification criteria for ST collectors .

Is there a gap between solar and solar energy deployment in Argentina?

Author to whom correspondence should be addressed. There is a large gap between the vast solar resources and the magnitude of solar energy deployment in Argentina. In the case of photovoltaics, the country only reached the 1000 GWh electricity generated yearly landmark in 2020.

Is Argentina a good country for solar energy?

There is a measure of agreement that Argentina’s solar resource is ideal for photovoltaic (PV) and solar thermal (ST) development, both for large- and small-scale (distributed) installations. The yearly Renewable Energy Country Attractiveness Index published by Ernst and Young places Argentina in the 18th position for PV .

Can Argentina become a regional leader in wind energy?

Argentina has the foundation to become a regional leader in the use of this technology. Source: Undersecretariat of Renewable Energy, Ministry of Energy and Mining, Government of Argentina According to Wind Energy Market Intelligence, Argentina had 22 operational wind farms spread across the country by September 2016.

How much does a new energy project cost in Argentina?

Around 40% of bidders opted for the World Bank guarantee, and the country awarded 1.1 GW of new projects at an average price of $60 per MWh. Argentina then held three additional auctions between 2016 and 2019, awarding more than 4.8 GW of new renewable energy contracts across 190 projects.