Argentina to hold first renewables tenders in May

ARGENTINA: The country plans to hold its first tenders for renewable energy as soon as next month after publishing rules to implement a new law on renewable energy, energy minister Juan Jose Aranguren has said.

Newly elected Argentine president Mauricio Macri
Newly elected Argentine president Mauricio Macri

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Although Argentina is unlikely to meet the target set by the law of deriving 8% of its electricity from renewable sources by next year, the minister said that he expected 10GW of renewable capacity to be installed by 2025.

This includes 3GW in the next two to three years, requiring investments worth $5 billion, Aranguren said on a visit to Washington DC last week.

Argentina has some of the world's best conditions for wind power generation, from the flat, open Pampas south of Buenos Aires to the windswept wilds of Patagonia.

Developers have filed plans to install 5GMW of wind farms, some with capacity factor as high as 45%.

In December, Argentina elected centre-right candidate Mauricio Macri as president in a surprise victory, which resulted in the hope he could revive the country's energy sector. 

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