Wednesday, July 6, 2016

Argentina: One GW Renewable Energy Auction Does Not Include Geothermal

Argentina to launch unique RE programme (ESI Africa)

In South America, Argentina is gearing up to launch an innovative renewable energy program next month with a public auction to purchase 1,000 MW of renewable energy, Climate Action reported.

Dubbed the 'RenovAR' initiative, it will include a green trust fund to ensure that potential investors have the necessary confidence and security.

According to the climate platform, this program is in line with the country's target of having 20% of renewables in the national energy mix by 2025 compared to the current 1.8%.

The government is aiming to add 600 MW of wind power, 300 MW of solar power, 65 MW of biomass, 20 MW of hydroelectric plants and 15 MW of biogas.

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