2017: ARGENTINA RENEWABLE ENERGY YEAR
Argentina has declared 2017 as the ‘Renewable Energy Year’ as the country looks to increase awareness about the advantages of renewable energy and the important of sustainability. A decree issued by the government calls for energy diversification through the use of renewable energy sources in the electricity generation as well as thermal energy sector. The decree states the country’s target of having a 20% share of renewable energy in electricity consumption by 2025.
Argentina has set targets to increase the share of renewable energy to 20% in the energy mix by 2025. Another target called for 8% renewable energy share in electricity consumption by 2017. As a result, several renewable energy auctions are expected to take place in the country over the next few years. The government is expected to auction 10 gigawatts of renewable energy capacity by 2025. In October of last year, the government allocated 1.1 GWatts of renewable energy projects through a competitive auction. This included 400 megawatts of solar power capacity, and wind energy, bioenergy, and small hydro power projects were also allocated. The auction attracted bids for 6,366 megawatts of capacity.
An additional 516 megawatts of solar PV capacity was allocated in another auction in November 2016. (Source: Mercopress – Image: Loma Blanca wind farm in Patagonia / Argentinian Independent)
- PETROFAC EMIRATES AWARDED TWO CONTRACTS WORTH $1.65 BILLION IN ABU DHABI 19th February 2020
- ENI DISCOVERS OIL IN THE MID-DEEP WATER OF THE CUENCA SALINA OFFSHORE MEXICO 18th February 2020
- JEBEL ALI BECOMES THE LARGEST GAS DISCOVERY IN 15 YEARS 05th February 2020
- STAGE COMPLETIONS COMPLETES RECORD 142-STAGE JOB IN THE PERMIAN BASIN 30th January 2020
- EXXONMOBIL DISCOVERS OIL AT UARU OFFSHORE GUYANA 29th January 2020
- ENCANA BECOMES OVINTIV AND ESTABLISHES HEADQUARTERS IN DENVER 27th January 2020
- HALLIBURTON REPORTS $1.7 BILLION LOSS IN Q4 2019 22nd January 2020