Argentina New Deal subsidies for the solar industry

In recent years, Argentina's domestic demand for electricity continued to grow steadily, projections indicate that the average annual growth rate of 6% estimated annual increase of about 1GW of generating capacity. Due to the high price of fossil fuels, and the environmental problems caused by fuel combustion attention, Argentina is working to create a new biomass, wind and solar energy industry system. Argentina in December 2006 by Law 26.190, the requirements should be accounted for 8% of the demand for electricity generated by the new energy to 2016. The Act requires the development of wind, biomass, small hydro, tidal energy, geothermal energy and charge controller energy.

However, many people in the industry pointed out that Argentina has a rich oil and gas resources, so there will not be too high a degree of enthusiasm for clean energy development; Argentina is not one of a number of G20 countries to submit emission reduction commitments to the United Nations, Argentina clean energyThe goal is not binding. Through access to information can be found very sound environmental policy in Argentina, close to the developed countries in Europe and the United States, have a higher green taxes and sewage charges; and environmental insurance, encourage the development of environmental protection and, more importantly, Argentina's oil situation is not optimistic .

Argentina's oil industry in the 1990s was the rapid development of Argentina as a major oil exporting countries of Latin America. However, due to the lack of investment in Argentina's oil production continuous decline since 2002; At the same time, Argentina's fuel imports showed a substantial growth trend, Argentina's energy imports in January 2013, Delta 7 billion U.S. dollars for the same period last year times. Related experts predict that the February imports will continue to maintain the upward trend of about $ 800,000,000.

Reported that, according to the 2013 budget, the Argentine state energy company for energy products imported $ 24.7 billion pesos (about $ 5 billion), but the current situation, there are shortfall of 220 billion pesos, the year is expectedexpenditure on imported energy will reach 47 billion pesos (about $ 9 billion). It is reported that the energy use of foreign exchange is one of the major expenditures consume Argentina's foreign exchange reserves. YPF oil company nationalized in 2012 when the government raised the target to reduce energy imports, energy imports in the second half of the year dropped 12%, but the final full year of foreign exchange for imported energy still reached $ 9.266 billion, the highest history of more than 2011 level of $ 9.397 billion is only 1.6% lower.

Argentine oil expert Fernando - Sosa pointed out that the appropriate government subsidies will certainly help ease the difficulties faced by the people due to high oil prices, but excessive government subsidies makes the Argentine energy policy challenges. Argentina's low oil prices are dependent on government subsidies. Argentina budget and public finance management committee published statistics show that last year, the Argentine government subsidies for the energy sector investment up to 83.3 billion pesos, an increase of 107% over 2006, accounting for about 60% of total government subsidies. Subsidized by the government to stabilize the prices of energy products, price stability play a role, but the Argentine government finances therefore face greater pressure. To continue to ensure that the subsidy policy, the Argentine government had a substantial increase in taxes.

Argentina has been in Latin America renewable energy development is relatively backward country, is based on the pressure of the environment and energy situation, this situation is changing. Argentina has a wealth of light, especially the eastern plains and western regions is the ideal choice for the development of PV inverter photovoltaic, Argentina has installed only a few dozen megawatts of solar cells, making it a huge untapped resource. The Government has set a target to solar power up to 3.3GW in 2020.