Argentina

Argentina

Argentina seeks domestic wind turbine manufacturing boost

New private-public initiative launched to attract investment in manufacturing components for renewable energy sources

The government estimates that around 750MW of renewable energy capacity will be installed in Argentina over the next two years and then 300MW annually from 2024 onwards (pic credit: Genneia)
The government estimates that around 750MW of renewable energy capacity will be installed in Argentina over the next two years and then 300MW annually from 2024 onwards (pic credit: Genneia)

The Argentinean government has announced the creation of a national renewables cluster to encourage the use of domestically produced goods and services in renewable energy projects in the country.

The entity will bring together the governments of six provinces that produce goods and services related to renewable energy along with industry associations and businesses.

As well as federal and provincial authorities, energy firms will participate in the cluster, including Parque Eólico Arauco Sapem (based in La Rioja province), Eólica Rionegrina Sociedad Anónima (Río Negro) and Impsa (Mendoza).

“We are making it possible that the country has renewable energy made in Argentina by Argentineans,” said President Alberto Fernandez at the launch of the cluster.

The government estimates that around 750MW of renewable energy capacity will be installed in Argentina over the next two years and then 300MW annually from 2024 onwards.

It expects the renewables cluster to attract around US$1 billion of investment, creating around 2,250 direct jobs and more than 4,000 indirect jobs and benefiting 250 small and medium-sized businesses across the country. The government believes domestically produced goods and services could account for half of this US $1 billion investment.

Developing domestic production of wind turbines and photovoltaic panels could help reduce the sector’s reliance on external financing and imported capital goods which led to many projects not being developed under the previous administration's Renovar program of energy tenders, said Industry Minister Matias Kulfas.

“It is essential that we remember that the great objective of advancing in environmental sustainability must be accompanied by macroeconomic and social sustainability,” he added.

One of the members of the new cluster, Impsa, recently announced a deal to provide tower and wind-measuring equipment to Fortescue Future Industries as it prepares to develop a major green hydrogen facility in Rio Negro.

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