Argentina solar market Ying large development

Argentina has been in the past in Latin America is lagging behind the national renewable energy development, but this situation is changed. Recently, Argentina for the first time launched the personal solar project subsidies. The government hopes to promote the development of solar energy industry, will be up to 35 times the size of solar power.

The western region of Argentina has become a hot investment value. One reason is the unique environmental advantages of the region, the intensity of sunlight is more than twice as much in Germany. Trade Organization Argentine Renewable Energy Chamber of Commerce (CADER) responsible person said, last year, were to apply to the government for 11 PV inverter projects, each scale in more than 20 megawatts.

Develop solar energy industry will help Argentina to achieve its 2016 renewable energy accounted for 8% target of electricity supply, the current ratio of 2%.However, Argentina is one of the emission reduction commitments of the G20 members did not submit to the United Nations climate summit in Copenhagen, its target is not binding.

CADER revealed that Argentina plans to build size of up to 3,000 megawatts of clean power facilities will be small-scale hydropower, solar power may account for 10%. Due to the lack of subsidies and stimulus policies, the current size of only 6.2 MW solar grid tie inverter power. The nonprofit market research firm Pew Charitable Trusts (PewcharitableTrusts), 2009, Argentina's $ 80 million investment in renewable energy only.

Bloomberg New Energy Finance analyst of Edward Duo Tabei Chi pointed out that the Government of Argentina, the biggest challenge is to promote the development of solar energy industry are facing financing. Small and medium-sized solar projects rely heavily on the support of local government policy funds. "

According to a policy adopted by Argentina last year, the developers may feed-in tariff negotiations with the government and grid operators directly, without going through Enarsa. Of this policy is that many foreign companies became interested in renewable energy investments to Spain.

The declaration 11 solar CADER project, four have passed the examination and approval, and is waiting for government subsidies. Spanish solar energy company SolariaEnergia & MedioAmbienteSA and a Chinese solar companies are involved in a project, a project sponsored by the United States is located in the province of Catamarca, Mendoza projects by local companies to develop. These projects are expected to get up MWh 200-400 U.S. dollars of subsidies.

Chinese enterprises to participate in the project is located in San Juan St., scale 20 MW, the investment amount of $ 70 million, will be developed in cooperation with Enarsa. SolariaEnergia & MedioAmbienteSA will with local developers AldarSA common to develop solar energy.

The report released by the Bank of America and Bloomberg New Energy Finance shows that Brazil is Latin America, leader in the development of renewable energy, and the development of renewable energy in Venezuela the worst, only 0.1% of the total electricity supply.

Today, the scale of solar projects in the region are developing 6000 MW. 2800 MW in Chile, 1,400 MW in Brazil.

Although there are some problems in the financing, but CADER still confident about the future of the solar controller market in Argentina. "The government has formulated for the solar power feed-in tariff, the future will take more action to attract investment, including the upgrading of power generation capacity, reduce dependence on fossil fuels. Couple of years ago Argentina solar market nobody cares about, the future of all this will change

In August last year, the energy sector in Argentina approved the construction of a 20 MW solar project in the country's western province of Mendoza. The project is jointly operated by the consortium of Argentina, Spain and Asia. It is reported that the project is expected to get 15-year power purchase agreement.