Market Size of Argentina Renewable Energy Industry
| 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
*Disclaimer: Major Players sorted in no particular order |
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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.) |
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.
Argentina Renewable Energy Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Installed Capacity and Forecast, in MW, till 2025
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1.3 Share of Electricity Demand, by Type of Customer, 2018
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1.4 Share of Installed Power Capacity by Source, 2018
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1.5 Recent Trends and Developments
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1.6 Government Policies and Regulations
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1.7 Market Dynamics
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1.7.1 Drivers
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1.7.2 Restraints
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1.8 Supply Chain Analysis
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1.9 PESTLE Analysis
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2. MARKET SEGMENTATION
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2.1 Source
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2.1.1 Solar
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2.1.2 Wind
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2.1.3 Hydro
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2.1.4 Others (Biomass, Waste, etc.)
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Argentina Renewable Energy Market Size FAQs
What is the current Argentina Renewable Energy Market size?
The Argentina Renewable Energy Market is projected to register a CAGR of greater than 13% during the forecast period (2024-2029)
Who are the key players in Argentina Renewable Energy Market?
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.
