Renewable power generation in Argentina has shown significant growth, especially since 2019. The value in 2023 stood at 25.82 Terawatt-hours. Notable jumps occurred in 2019 with a 221.92% increase, 2020 with a 74.93% increase, and consistent increases thereafter, culminating in a 23.33% rise in 2023. The average annual growth rate (CAGR) over the last five years is an impressive 66.9%, highlighting strong momentum in the sector.
The forecast suggests continued robust growth, with the renewable power generation reaching 49.87 Terawatt-hours by 2028. The projected average growth rate over the next five years is estimated at 10.2% annually, indicating a cumulative increase of 62.56% from 2024 to 2028.
Future trends to watch for include:
- Technological advancements in renewable energy efficient generation and storage capacities.
- Government policies and incentives aimed at fostering sustainable energy developments.
- Investment flows from both domestic and international stakeholders into renewable energy projects.
- Adoption rates of renewable energy across different sectors and its integration into the national grid.