Renewable power generation in Argentina has shown significant growth from 2013 to 2023, standing at 0.20 Exajoules in 2023. The year-on-year variation has seen periods of rapid growth, especially between 2019 and 2021, marked by substantial increases. However, growth has slightly moderated in the subsequent years, with a year-on-year increase of 8.02% in 2023. The CAGR over the last five years (2018-2023) indicates an impressive average annual growth rate of 45.48%.
Looking ahead, the forecast indicates a slowing pace with a 5-year CAGR of 3.14% from 2024 to 2028. This trend suggests a stabilization phase as the market matures. Future trends to watch for include potential government policy shifts, technological advancements in renewable energy, and investment in infrastructure which could influence the growth trajectory.
- 2019-2021: Substantial year-on-year increases
- 2023: 0.20 Exajoules, 8.02% year-on-year growth
- 2018-2023: 45.48% CAGR
- 2024-2028 forecast: 3.14% CAGR
- Watch for: Policy changes, tech advancements, infrastructure investments