Published Date : Nov 02, 2015
The wave of renewable energy is slowly catching up in Argentina and is expected to pick up pace as the chamber of deputies agreed to new law that states the country must produce 8% of its electricity from solar, wind, or small-scale hydro power plants by 2017. The new bill also states that the country will have to increase its production to 20% by 2020. This move comes as no surprise, as it happens to be the only way in which climate change can be tackled.
These targets are set at high standards, which will push the renewable energy products to increase their production capacities quite considerably. Currently, only 1% of Argentina’s energy mix is renewable and according to experts the targets are a grossly unambitious.
About 87% of the country’s electricity is sourced from fossil fuels, while the remainder is from hydroelectric energy and nuclear energy. Presently, wind is making its mark by contributing heavilty to the energy mix. Genneia Power Company, the biggest windfarm in the country in Chubut, Rawson. The plan has 77 MW of installed capacity and generates power good enough for 100,000 homes. The second largest windfarm is Arauco windfarm in La Rioja, then Loma Blanca, which is also located in Chubut.
Argentina is also developing technology to develop photovoltaic energy. For the same reason the largest farm has been setup in San Juan province, followed by an installation in San Luis. The province of Buenos Aires has also set up wind and solar power project to achieve this goal. The biofuels derived from vegetable oil have also joined the effort to help Argentina fight climate change and global warming.