New President Mauricio Macri’s Ministry of Energy and Mining aimed to diversify the country’s energy supply by attracting international private investment to the power sector and From 2013 to 2015 Senator Marcelo Guinle, hailing from Argentina’s windiest region, worked with Sebastian Kind, who would later become the undersecretary for renewable energy, to draft a 20% by 2025 The bill passed in September 2015 with near-unanimous legislative support, setting the stage for reform in 2016. The publicly owned share corresponds to nuclear generation and to the two bi-national hydropower plants: Yacyretá (Argentina-Paraguay) and Salto Grande (Argentina-Uruguay). By setting up standardized tool kits and credit enhancement instruments, model contracts, established eligibility criteria, and international funding guarantees, GREENMAP aims to attract The upside could be massive, says Undersecretary Kind: 75 GW of new renewable energy capacity, $110 billion in new greenfield investment, and 3 gigatons avoided CO“This is an immediate means to decarbonize the global energy mix, increase energy security, and Argentina's 300MW Cauchari solar project, the largest solar project in South America.We are a nonpartisan climate policy think tank delivering high-quality research and original analysis to help policymakers make informed energy policy choices. In particular, the Public Service Regulatory Agency in the Province of Córdoba (ERSeP) agreed in February 2008Recently, in August 2008, after a 7-year tariff freeze, residential electricity tariffs in the Buenos Aires metropolitan area (served by the Edenor, Edesur and Edelap utilities) have been increased by 10-30% for households that consume more than 650 kWh every two months. This project has the objective of guaranteeing access to electricity to 1.8 million people (314,000 households) and to 6,000 public services (schools, hospitals, etc.) Initially, investment for high priority works was estimated at US$376 million, while estimated investment for the rest of the works totaled US$882.2 million. “RenovAr is the right way to go,” Argentina RenovAr renewable energy auction results.Argentina’s renewable energy boom created wide-ranging economic and climate benefits. Nonogasta V project in the northern province of La Rioja.But despite significant renewables potential and rising demand for generation, very little capacity came online: A 2011 tender awarded 1 GW in new renewables contracts at average megawatt hour (MWh) prices of $127 for wind and $572 for solar, but only 70 megawatts (MW) of capacity were actually built, leaving Argentina dependent on fossil fuels, aging hydropower facilities, and nuclear energy.But renewable energy’s outlook in Argentina changed with the 2015 election.

109 of the 240 works identified in 2003 were considered of high priority and have already been completed or are under execution. Currently, private and state-owned companies carry out generation in a completive, mostly liberalized electricity market, with 75% of total installed capacity in private hands. In addition, the Planning Ministry announced in July 2007 the commissioning of five new thermal plants with a total capacity of 1.6 GW and an overall investment of US$3,250 million. Silvio is communications director at Energy Innovation, where he leads all media relations and communications efforts.Opinions expressed by Forbes Contributors are their own.Opinions expressed by Forbes Contributors are their own.We are a nonpartisan climate policy think tank helping policymakers make informed energy policy choices and accelerate clean energy by supporting the policies that most effectively reduce greenhouse gas emissions.

As these projects come online, they are expected to attract $7.5 billion in financing according to the Secretariat of Energy, or more than 10 times the World Bank’s guarantee. "The GeGaLo index: Geopolitical gains and losses after energy transition".

This decree declared the rational and efficient use of energy to be in the national interest and is also part of the energy sector strategy to counter supply/demand imbalance. However, this budget is under revision due to the increasing costs of materials such as steel and aluminum and of labor.Prior to 1991, the electricity sector in Argentina was vertically integrated. 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.