July 19, 2017 |
Add Argentina to the list of countries in Latin America that are courting investors to develop renewable energy projects.
Hoping to reduce the country’s costly reliance on fossil fuel imports, President Mauricio Macri has embarked on an ambitious plan to boost Argentina’s renewable energy output to 20% of its total power supply by 2025, up from under 2% currently. The push comes even as the country foresees 6% annual increases in its electricity demand.
The renewables strategy is a crucial part
While Argentina ushers in renewable energy investments, the market is still ironing out the financing issues