Argentina Renewable Energy Market Size (2024 - 2029)

The Argentina renewable energy market is poised for significant expansion, driven by initiatives such as the Public Private Partnership law and the RenovAr program, which aim to boost private investment and increase the share of renewable energy in the country's energy mix. Despite challenges like fiscal deficits and limited government funding, the market's capacity is expected to grow, with the hydro energy segment leading due to its substantial installed capacity and project influx. These factors collectively contribute to the anticipated growth trajectory of the market.

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Market Size of Argentina Renewable Energy Industry

Argentina Renewable Energy Market Size
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR 13.00 %
Market Concentration Low

Major Players

Argentina Renewable Energy Market Key Players

*Disclaimer: Major Players sorted in no particular order

Argentina Renewable Energy Market Analysis

The Argentina renewable energy market is expected to grow at a CAGR of more than 13% during the forecast period. Factors such as the Public Private Partnership (PPP) law, to regulate and encourage private investments in the critical sectors of the country's economy, including 60 projects which are expected to be implemented under the PPP mode, primarily across major infrastructure and social sectors, including energy and transport are expected to drive the renewable energy market during the forecast period. However, due to fiscal deficit and lack of finance, the government could not invest sufficiently in the renewable sector, in order to increase domestic generation capacity. This, in turn, is expected to restrain the growth of the market studied.

  • Hydro energy segment is expected to be the largest segment, owing to significant increase in number of projects and being the second largest source of power generation in Argentina. It also has the largest installed capacity in comparison to wind and solar energy in 2019.
  • In June 2019, the Argentinian Finance Ministry's Energy Secretary received 56 bids for the MiniRen or Round 3 of the RenovAr program. These bids represent a total of USD 520 million worth of investment, which is expected to be distributed in 14 provinces, hence creating ample opportunities for the renewable energy market players.
  • RenovAr program was initiated by the Argentina government to improve the share of renewable energy in its energy mix to 20% by 2025. Under the RenovAr program, regular public bidding processes were held, in which, different companies presented their investment plans. Hence, a major driver for the Argentina renewable energy market is expected to be the RenovAr program during the forecast period.

Argentina Renewable Energy Industry Segmentation

The Argentina renewable energy market report include:

Source
Solar
Wind
Hydro
Others (Biomass, Waste, etc.)
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Argentina Renewable Energy Market Size Summary

The Argentina renewable energy market is poised for significant growth, driven by initiatives such as the Public Private Partnership (PPP) law, which aims to stimulate private investment in critical sectors, including energy. Despite challenges like fiscal deficits and limited government financing, the market is expected to expand, with hydro energy emerging as the largest segment due to its substantial installed capacity and ongoing projects. The RenovAr program, designed to enhance the renewable energy share in Argentina's energy mix, plays a crucial role in this growth by facilitating public bidding processes that attract substantial investments across various provinces.

Hydroelectric generation remains a dominant force in Argentina's renewable energy landscape, accounting for a significant portion of the country's power generation. The government's support for large-scale hydro projects, such as the Portezuelo del Viento and the Kirchner-Cepernic complex, underscores the focus on expanding hydropower capacity. The RenovAr program has successfully attracted strong investor interest, leading to oversubscription in bidding rounds and the successful contracting of numerous projects. This program, along with the government's commitment to increasing the renewable energy share, is expected to drive the market forward, despite the fragmented nature of the industry, which includes key players like Pampa Energia SA, YPF Luz, and Enel Green Power S.p.A.

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Argentina Renewable Energy Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Installed Capacity and Forecast, in MW, till 2025

    3. 1.3 Share of Electricity Demand, by Type of Customer, 2018

    4. 1.4 Share of Installed Power Capacity by Source, 2018

    5. 1.5 Recent Trends and Developments

    6. 1.6 Government Policies and Regulations

    7. 1.7 Market Dynamics

      1. 1.7.1 Drivers

      2. 1.7.2 Restraints

    8. 1.8 Supply Chain Analysis

    9. 1.9 PESTLE Analysis

  2. 2. MARKET SEGMENTATION

    1. 2.1 Source

      1. 2.1.1 Solar

      2. 2.1.2 Wind

      3. 2.1.3 Hydro

      4. 2.1.4 Others (Biomass, Waste, etc.)

Argentina Renewable Energy Market Size FAQs

The Argentina Renewable Energy Market is projected to register a CAGR of greater than 13% during the forecast period (2024-2029)

Pampa Energia SA, YPF Luz, Enel Green Power S.p.A., Genneia SA and 360 Energy SA are the major companies operating in the Argentina Renewable Energy Market.

Argentina Renewable Energy Market Report Snapshots

Argentina Renewable Energy Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)