Solar Inverter project financing options in Argentina 2030

What are Rigi-approved solar projects in Argentina?

Notably, the first RIGI-approved project is YPF Luz's 305 MW solar photovoltaic park in Mendoza, with an investment of US$211 million. Vaca Muerta, holding the world's second-largest gas reserves, represents a cornerstone of Argentina's energy strategy.

How much will Argentina's energy plan cost?

The country will also target 5,000 kilometres of new transmission lines, an 8% reduction in overall energy demand, and one gigawatt (GW) of distributed generation, with the government putting the plan’s estimated costs at US$86.6 billion. These targets represent a potentially significant shift for Argentina’s energy mix.

What is Argentina's energy transition plan?

The country’s new energy transition plan targets an estimated US$7.4 billion of hydropower investments by 2030. (Image: Fernando Quevedo / Alamy) Argentina is aiming to generate 57% of its energy from renewable sources by the end of the decade, according to an official energy transition plan launched in late June.

What challenges does the energy transition face in Argentina?

However, the energy transition in Argentina faces some important challenges. One of the most important is the need to modernize and expand electricity transmission infrastructure, especially in regions far from urban centers where many renewable energy projects are located.

What will Argentina's energy mix look like in 2024?

By 2024, the share of renewables in Argentina's energy mix is expected to exceed 17%, representing significant progress, although still below the 20% target set for 2025.

Is Argentina delivering on its climate pledges?

“This is the first time Argentina has put into numbers the transformation needed in its energy sector to deliver on the country’s climate pledges,” Juan Carlos Villalonga, a renewable energy consultant and former deputy in the national congress, told Diálogo Chino.