Argentina Renewable Energy Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Argentina Renewable Energy Companies and the market is segmented by Source (Solar, Wind, Hydro, and Others (Biomass, Waste, etc.)

Argentina Renewable Energy Market Size

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Argentina Renewable Energy Market Size
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR > 13.00 %
Market Concentration Low

Major Players

Argentina Renewable Energy Market Key Players

*Disclaimer: Major Players sorted in no particular order

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Argentina Renewable Energy Market Analysis

The Argentina renewable energy market is expected to grow at a CAGR of more than 13% during the forecast period. Factors such as the Public Private Partnership (PPP) law, to regulate and encourage private investments in the critical sectors of the country's economy, including 60 projects which are expected to be implemented under the PPP mode, primarily across major infrastructure and social sectors, including energy and transport are expected to drive the renewable energy market during the forecast period. However, due to fiscal deficit and lack of finance, the government could not invest sufficiently in the renewable sector, in order to increase domestic generation capacity. This, in turn, is expected to restrain the growth of the market studied.

  • Hydro energy segment is expected to be the largest segment, owing to significant increase in number of projects and being the second largest source of power generation in Argentina. It also has the largest installed capacity in comparison to wind and solar energy in 2019.
  • In June 2019, the Argentinian Finance Ministry's Energy Secretary received 56 bids for the MiniRen or Round 3 of the RenovAr program. These bids represent a total of USD 520 million worth of investment, which is expected to be distributed in 14 provinces, hence creating ample opportunities for the renewable energy market players.
  • RenovAr program was initiated by the Argentina government to improve the share of renewable energy in its energy mix to 20% by 2025. Under the RenovAr program, regular public bidding processes were held, in which, different companies presented their investment plans. Hence, a major driver for the Argentina renewable energy market is expected to be the RenovAr program during the forecast period.

Argentina Renewable Energy Market Trends

This section covers the major market trends shaping the Argentina Renewable Energy Market according to our research experts:

Hydro Energy to Dominate the Market

  • Hydroelectric generation accounted for approximately 29% of the total power generated in Argentina, in 2019. The total electricity generated from hydroelectricity reached 39,671 GWh, representing an increase of 11.04% over the previous year.
  • In 2018, Argentina's President Mauricio Macri ruled in favour of constructing the USD 900 million 210-MW Portezuelo del Viento hydropower project on the Rio Grande in Malargue, south of the province of Mendoza, located in central Argentina. The facility is expected to help water management, tourism, and supply power to an estimated 743,167 residences, according to project specifications.
  • Moreover, Argentina is in the midst of developing several hydro projects that have much larger capacity, compared to renewable projects in the RenovAr program. The government's authorization to restart the construction of the Kirchner-Cepernic hydropower complex in Argentina supports hydropower capacity growth in the country.
  • Hence, there are a number of hydropower plants in pipeline and planning stages in the country, which in turn are expected to promulgate the renewable energy market in Argentina.
Argentina Renewable Energy Market Trends

RenovAr Program Dominating the Renewable Sector

  • The RenovAr program has so far attracted strong investor interest, which led to significant oversubscription of the bidding rounds. Bidders compete to sign 20-year power purchase agreements (PPAs) with CAMMESA (Compañía Administradora del Mercado Mayorista Eléctrico), which acts as off-taker on behalf of distribution utilities and large, wholesale market users.
  • Round 2.0 of the RenovAr program was launched in August 2017 with an objective to contract 1,200 MW, with quotas per region and technology. The tender drew strong investor interest and was more than seven times oversubscribed than Round 1.0.
  • Moreover, 88 projects with a combined capacity of 2,043 MW were successful in second round. In November 2018, Argentina launched the third round of its RenovAr renewable energy auction program, aiming at a total of 400 MW of new installed capacity.
  • Therefore, the government's focus on increasing the renewable energy share in the energy mix of the country to 20% by 2020 is expected to be bolstered by RenovAr program.
Argentina Renewable Energy Market Analysis

Argentina Renewable Energy Industry Overview

The Argentina renewable energy market is fragmented. Some of the key players are Pampa Energia SA, YPF Luz, Enel Green Power S.p.A., Genneia SA, and 360 Energy SA.

Argentina Renewable Energy Market Leaders

  1. Pampa Energia SA

  2. YPF Luz

  3. Enel Green Power S.p.A.

  4. Genneia SA

  5. 360 Energy SA

*Disclaimer: Major Players sorted in no particular order

"Pampa Energia SA,  YPF Luz,  Enel Green Power S.p.A.,  Genneia SA,  360 Energy SA"
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Argentina Renewable Energy Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Scope of the Study

    2. 1.2 Market Definition

    3. 1.3 Study Assumptions

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET OVERVIEW

    1. 4.1 Introduction

    2. 4.2 Installed Capacity and Forecast, in MW, till 2025

    3. 4.3 Share of Electricity Demand, by Type of Customer, 2018

    4. 4.4 Share of Installed Power Capacity by Source, 2018

    5. 4.5 Recent Trends and Developments

    6. 4.6 Government Policies and Regulations

    7. 4.7 Market Dynamics

      1. 4.7.1 Drivers

      2. 4.7.2 Restraints

    8. 4.8 Supply Chain Analysis

    9. 4.9 PESTLE Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Source

      1. 5.1.1 Solar

      2. 5.1.2 Wind

      3. 5.1.3 Hydro

      4. 5.1.4 Others (Biomass, Waste, etc.)

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Strategies Adopted by Leading Players

    3. 6.3 Company Profiles

      1. 6.3.1 Pampa Energia SA

      2. 6.3.2 YPF Luz

      3. 6.3.3 Enel Green Power S.p.A.

      4. 6.3.4 Genneia SA

      5. 6.3.5 360 Energy SA

      6. 6.3.6 Senvion GmbH

      7. 6.3.7 Arrebeef SA

      8. 6.3.8 Central Puerto SA

    4. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Argentina Renewable Energy Industry Segmentation

The Argentina renewable energy market report include:

Source
Solar
Wind
Hydro
Others (Biomass, Waste, etc.)
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Argentina Renewable Energy Market Research FAQs

The Argentina Renewable Energy Market is projected to register a CAGR of greater than 13% during the forecast period (2024-2029)

Pampa Energia SA, YPF Luz, Enel Green Power S.p.A., Genneia SA and 360 Energy SA are the major companies operating in the Argentina Renewable Energy Market.

The report covers the Argentina Renewable Energy Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Argentina Renewable Energy Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Argentina Renewable Energy Industry Report

Statistics for the 2024 Argentina Renewable Energy market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Argentina Renewable Energy analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Argentina Renewable Energy Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)