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.

Why is solar energy important in Argentina?

The north of Argentina experiences high levels of solar radiation and has the capacity to produce electricity and jobs for rural and underserved communities in the country. Unfortunately, there are several factors limiting the total deployment of renewable energy in Argentina.

Should Argentina invest in solar energy?

If Argentina were able to stabilize its economy and provide better incentives for solar, investors would be more apt to support renewable energy projects. However, the lack of residential distributed generation projects is hindering mainstream solar adoption.

How many GWh of electricity does Argentina generate a year?

As of 2019, Argentina’s energy mix included 85.81% fossil fuels. 1 This is why it took Argentina until 2020 to finally reach 1000 GWh of electricity generated from PV projects. 2 Argentina is by no means the only country to be stuck in a difficult situation with PV adoption.

Does Argentina have a solar system?

A paid subscription is required for full access. Argentina's solar photovoltaic generation capacity is concentrated in the country's northwest. As or February 2022, this region composed by the provinces of Jujuy, Salta, Tucumán, Catamarca, La Rioja, and Santiago del Estero accounted for almost 65 percent of Argentina's PV installed capacity.

Is solar adoption a problem in Argentina?

(Credit: Nestor Barbitta) For a country with the abundant solar resources of Argentina, the lack of PV adoption is cause for concern. The north of Argentina experiences high levels of solar radiation and has the capacity to produce electricity and jobs for rural and underserved communities in the country.