How much solar energy does Argentina produce in 2021?

With solar energy generation in Argentina increasing by more than 100-fold in just five years, the country generated approximately 2.19 TWh of solar energy in 2021, up from 16.4 GWh in 2017, representing a 63% increase in solar energy production in Argentina.

Does Argentina have a potential for solar energy utilization?

Conclusions Our work found a large gap between Argentina’s potential for solar energy utilization and the current solar energy deployment, despite advantages such as a high solar and land resources.

Why is solar technology becoming more accessible in Argentina?

This cost reduction has made solar technology, especially solar PV technology, more accessible in Argentina, with a total solar PV installed capacity of 1,060 MW in 2021. The growing electricity demand is also a major factor driving the market's growth.

How much solar power does Argentina have in 2023?

Argentina has sharply accelerated the rate of bringing its solar power plants into operation. According to the national electricity operator CAMMESA, the capacity of photovoltaic panels put on stream nationwide went from 33 megawatts (MW) in 2022 to 262 MW in 2023.

Which solar projects are coming to Argentina in 2022?

For instance, in February 2022, the state-owned oil and gas utility firm, YPF, started constructing the 300 MW Parque Solar Zonda project. The country has several solar PV projects in the pipeline and planning stages, which are expected to significantly boost the growth of the solar energy market in Argentina.

Should Argentina invest in solar energy?

If Argentina were able to stabilize its economy and provide better incentives for solar, investors would be more apt to support renewable energy projects. However, the lack of residential distributed generation projects is hindering mainstream solar adoption.