Argentina Renewable Energy Market – Size, Share, Trends,
Argentina has abundant solar resources, particularly in the northwest region, making solar power a viable option for electricity generation. Utility-scale solar projects and distributed
Argentina has abundant solar resources, particularly in the northwest region, making solar power a viable option for electricity generation. Utility-scale solar projects and distributed
The solar energy market share growth in Argentina by the utility segment will be significant during the forecast period. A utility-scale solar power plant provides the benefit of fixed electricity
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The annual average Argentina solar potential for photovoltaic (PV) energy generation is approximately 1.6 MWh/kWp. 2 As of December 2023, the average residential electricity cost is approximately $0.019 per kWh. For businesses, the average cost is about $0.024 per kWh.
Key market players have capitalized on the abundant solar and wind resources in Argentina, establishing large-scale projects that contribute to the national energy grid. The market’s future outlook appears promising, with numerous opportunities for further expansion and innovation.
With solar energy generation in Argentina increasing by more than 100-fold in just five years, the country generated approximately 2.19 TWh of solar energy in 2021, up from 16.4 GWh in 2017, representing a 63% increase in solar energy production in Argentina.
This cost reduction has made solar technology, especially solar PV technology, more accessible in Argentina, with a total solar PV installed capacity of 1,060 MW in 2021. The growing electricity demand is also a major factor driving the market's growth.