Argentina's wind and solar photovoltaic plants covered 0.51% of the local power market last month, according to the monthly report of Fundacion para el Desarrollo Electrico (Fundelec).
The country consumed 10,718 GWh, up 0.3% on the year, with thermal and hydroelectric plants representing 56.48% and 36.48% of the mix, respectively, followed by nuclear power plants with 2.27%.
The wind and solar parks accounted for 0.48% in October 2014 and only 0.2% in full 2014.
Argentina has recently reformed its renewable energy law to stimulate investments through a new fund and tax incentives with a view to achieving an 8% renewables share in 2017.
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Diana Hristova is our expert for Latin America. She has spent several years following the diverse industries in the region, the energy sector most of all. Now Diana is exploring Latin America’s huge wind, solar, geothermal and hydropower potential.