Renewable Energies In Argentina
Argentina is one of the five countries with the greatest wind power potential in the world. The most favorable regions like Patagonia are characterized by strong and permanent winds: 80 percent of the year the wind blow with speeds of 10 meters per second.
With an average annual growth of 7 percent of its GDP, Argentina is one of the most attractive markets in Latin America - and one of the most quickly growing ones. This leads to a significant increase in energy demand, which proves to be a major challenge for the country. The national government is focusing on two aspects: Reducing the dominance of fossil fuels (which currently account for over 60 percent of the country’s energy mix), and secondly, to mitigate the negative impacts of conventional energy on the environment.
A new law rules that large companies need to obtain at least 8 percent of the consumed electricity from renewable energy resources. The government has set the ambitious goal to increase the percentage of renewable energy to 20 percent. This has sparked interest from utilities, investors and large-scale energy consumers to invest in renewable energies.
Since 2016, the government has been awarding feed-in tariffs for renewable power plants with a capacity of around 5,000 megawatts. The offers were clearly oversubscribed. However, most of the projects receiving compensation have not yet been set up. The government is planning further tender rounds. At the same time, there is a growing market for private-law contracts (Power Purchase Agreements) for electricity from renewable energies.
ABO Wind AG – ABO Wind Energías Renovables S.A.
In 2006, ABO Wind founded the Argentinian subsidiary ABO Wind Energías Renovables based in the City of Buenos Aires. In recent years we have sold six ready-to-build-projects with a nominal capacity of 350 megawatts. The buyers of the projects have in part successfully participated in the tenders.
Expansion Into Other Countries Of Latin America
ABO Wind ist currently expanding to other Latin American countries such as Mexico and Columbia. ABO Wind works with the private industry as well as with provincial and national governments. In addition to developing its own projects, ABO Wind seeks strategic partnerships with stakeholders. ABO Wind also provides services for different stages of third party wind projects.
ABO Wind Energías Renovables S.A.
Av. Alicia Moreau de Justo 1050
Piso 4 Oficina 196 – Dock 7
C1107AAV – Puerto Madero
Ciudad de Buenos Aires