Having been slow to actively encourage solar deployment in comparison to other major South American markets, Argentina has now declared 2017 as a “Year of Renewable Energy”, under a decree from its official gazette.
The board of the Green Climate Fund (GCF) has approved a loan of US$130 million for projects awarded in Argentina’s RenovAr renewable energy programme.
The Latin America region had installed 1.8GW of solar PV by the end of the third quarter this year, already up 400MW from 1.4GW in 2015, according to GTM Research’s Latin America PV Playbook for Q3 2016.
Masdar surpasses 50% of 16MW Mauritania solar project, BHEL bags EPC order for 30MW of PV plants in West Bengal, Trina partners Cirque du Soleil, Argentina expects US$4 billion solar investment in five years, Consumers Energy completes 1MW Michigan community solar plant.
As part of a new plan to bring in 1GW worth of capacity from renewable energy sources, Argentinian President Mauricio Macri announced that the South American country will set aside 300MW worth of solar in the upcoming auction.
The US-headquartered Inter-American Investment Corporation (IIC), part of the Inter-American Development Bank (IDB), will help to finance 100MW of solar projects in the Northern Argentinian province of Jujuy.
The government of Argentinian province La Rioja has signed a letter of intent with German firm Photovoltaic Park to develop three solar parks with a combined capacity of 700MW in separate parts of the province costing US$1.4 billion overall.
