Why is wind power important in Argentina?

Wind power is a clean energy source that does not produce greenhouse gas emissions. By switching from fossil fuels to wind power, Argentina can significantly reduce its carbon emissions, contributing to global efforts to combat climate change. In addition, the development of the wind energy sector can also create jobs and stimulate local economies.

What are Argentina's energy goals?

These targets represent a potentially significant shift for Argentina’s energy mix. Fossil fuels currently account for around 60% of electricity generation, a share that it aims to reduce to 35% by 2030 through the expansion of renewables, including hydropower, and in particular wind and solar.

Can Argentina decarbonize its power sector?

Argentina’s vast solar, wind, and hydroelectric renewable energy potential, give it the possibility to decarbonize its power sector and support its COP26 goal of increasing the share of renewable energy in its national energy matrix to 30 percent by 2030.

How much will Argentina's energy plan cost?

The country will also target 5,000 kilometres of new transmission lines, an 8% reduction in overall energy demand, and one gigawatt (GW) of distributed generation, with the government putting the plan’s estimated costs at US$86.6 billion. These targets represent a potentially significant shift for Argentina’s energy mix.

What is Argentina's energy transition plan?

The country’s new energy transition plan targets an estimated US$7.4 billion of hydropower investments by 2030. (Image: Fernando Quevedo / Alamy) Argentina is aiming to generate 57% of its energy from renewable sources by the end of the decade, according to an official energy transition plan launched in late June.

What role does Argentina play in the energy sector?

Given the current economic challenges, Argentina's federal and provincial governments continue to have a significant role in the energy sector. The Argentine government views the oil and natural gas sector as a major driver of exports and a way to generate revenue.