The European Commission and Argentina have reached an agreement for the supply of LNG and collaboration on the spread of hydrogen and renewable energy proliferation. The memorandum of understanding (MoU) will see cooperation in hydrogen, renewable energy, energy efficiency, and natural gas. A “stable and secure” LNG delivery from Argentina to the EU will be established as per the terms of the agreement.
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Argentina’s electricity sector is at a crossroads as it prepares for an energy transition from heavy reliance on thermal energy to increasing the supply of clean energy. Argentina proposes to fulfill its international climate commitments (of reducing carbon emissions by 19 per cent by 2030 as compared to 2007 levels) through decarbonisation of the energy matrix in accordance with its technological and productive capacities.
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Neoen has completed the construction of its Altiplano 200 solar power plant. The 208 MW solar park is located in Argentina’s Salta region. The plant is Argentina’s second-largest solar project. Altiplano is expected to generate 650,000 MWh of solar-powered electricity every year, which is enough to power 215,000 households for a year. Under a 20-year power purchase agreement, the electricity produced will be supplied to national operator CAMMESA.
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Argentina’s non-hydro renewables sector is set to see moderate growth over the coming decade, in which we forecast non-hydro renewables capacity will increase from 4,209 megawatts (MW) in year-end 2020 to 8,765MW in 2030. Over the past five years, the market’s non-hydro renewables sector has experienced sizeable capacity and generation growth resulting from supportive policies under the administration of former president Mauricio Macri.
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