Abstract
Between the end of 2015 and mid-2016, Argentina enacted a new renewable energy (RE) promotion regime and launched the so-called RenovAr Program, a public plan that aimed to increase the development of RE generation projects through a series of international bids for power capacity. The proposed goal was to move from 2% RE generation of the total Argentina’s energy mix in 2015, to 20% by 2025. The RenovAr Program, along with RE promotion policies, succeeded in tripling RE generation capacity by 2019. However, over the last years the pace of new RE capacity incorporation has significantly slowed down, making it unlikely to reach the 20% target by 2025. This work analyses the positive aspects of the Argentinean RE promotion regime and the RenovAr Program that led to its rapid success, and it considers the main weaknesses that have prevented the further expansion of RE capacity. This paper concludes that, while designing policies to attract international funding for RE projects is beneficial for increasing RE generation capacity, ensuring its continuous growth in the long-term also requires addressing macroeconomic challenges and sustainable political support.
| Original language | English |
|---|---|
| Number of pages | 17 |
| Journal | CEPMLP Annual Review |
| Volume | 22 |
| DOIs | |
| Publication status | Published - 3 Apr 2025 |
Keywords
- Renewable energy
- Argentina
- RenovAr Program
- Renewable energies' promotion regime
- Renewable energy policies
- Latin America
- Project finance
Access to Document
- Final published version
Copyright © 2025 The Author. This is an open access article distributed under the terms of the Creative Commons Attribution licence, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.