Electricity from renewable energy plants – wind, solar, bioenergy and small hydropower — is forecast to cover 15.3% of power demand in Argentina from November 2021 to April 2022, up from 11.4% in November 2020 to April 2021.
According to wholesale power market administrator Cammesa’s provisional planning report, the record stands at 28.8%, set on Sept. 26.
Solar is expected to gain a bigger share of the renewables piece, accounting for a forecast 17.0%, up from 13.6%. Wind is expected to account for 65.6%, down from 71.5%.
In contrast, hydroelectric plants – excluding small hydro – are forecast to cover 14.4% of overall power demand in the country, down from 17.7%. The 3.2-GW Yacyretá dam on the Argentina-Paraguay border is projected to account for 36.7% of demand covered by hydroelectric plants, down from 51.9%. The power station is being impacted by a drought in basins in Brazil.
Thermoelectric plants are expected to cover 62.9%, down from 65.2%. Almost all – 98.2% – of fuel consumption is forecast to correspond to natural gas in November 2021 to April 2022, up from 87.8% in November 2020 to April 2021.
In September 2021 to April 2022, 485 MW of renewable energy capacity is due to come online. Wind accounts for 120 MW of that total, solar 345 MW, bioenergy 19.4 MW and small hydroelectric 1.1 MW. Thermoelectric capacity of 88 MW is also due to enter operation.
The bulk of the renewables correspond to the second and third rounds of the RenovAr renewable energy auction program, followed by projects under the Mater term market.
Installed solar PV capacity stands at 861 MW. Wind capacity reaches 3.17 GW, small hydro 501 MW and bioenergy 259 MW, according to Cammesa.
Argentina has a goal, established in law, of covering 25% of demand with renewables by 2025.
Argentina needs to create a comprehensive, long-term federal energy plan and facilitate the flow of financing to help leverage its huge potential in the renewable energy sphere, according to a report by Argentine renewables chamber Cader and the local office of professional services company KPMG, with support from the British embassy in Buenos Aires.