06 Jul 2020
Posted in Coronavirus
Argentina’s renewable electricity generation on track for 2025 target despite COVID-19 disruptions
Argentina’s attempts to continue expanding renewable energy capacity addition is not expected to be disrupted by the COVID-19 pandemic. By 2025, the renewable electricity generation is anticipated to be in the range of 20-25TWh, against an overall expected demand of over 100-140TWh, according to GlobalData, a leading data and analytics company, making the target set by the National Development Regime to be just about viable.
The wind sector additions are expected to continue contributing significantly to the country’s renewable energy capacity. As of now the total renewable installed capacity in Argentina stands at 3.22GW and out of this more than 65% of the capacity comes from wind. The total wind capacity installed in the country stands at 2.1GW with a further 805MW under construction, which is expected to come online by the end of the year.
Generation led by wind is expected to help in achieving the national objective set by the National Development Regime for the use of Renewable Energy Sources, to achieve 20% of its electricity consumption through renewable sources by 2025. As per GlobalData’s estimates, there is a pipeline of over 4.4GW of wind projects out of which around 1.7GW is under construction while the remaining falls under initial to advanced stages of development.
Somik Das, Senior Power Analyst at GlobalData, comments: “Nearly 70% of Argentina’s lands are covered with winds whose annual average speed, measured at 50 meters above ground level, is over 6 m/s. In Central and Southern Patagonia, the speeds can reach on average 9 m/s and up to 12 m/s. Furthermore, in the COVID-19 standstill, the wind sector has managed to outperform others. The closest competition came from solar PV, where 544MW of capacity is under construction and 222.3MW of capacity is in the permitting phase.
“Argentina’s paneled-up wind capacity in 2020 is estimated to be 1.4GW. Out of this, 245.8MW is already active and around 805.3MW is under construction and is estimated to come online by 2020. The COVID-19 restrictions are likely to delay a few projects in advance stages of development, pushing the installation to the following year.”