The solar energy capacity in Argentina stood at 1.13 thousand megawatts in 2023. Forecasted data indicate an upward trend, reaching 1.22 thousand megawatts in 2024 and further increasing to 1.45 thousand megawatts by 2027. Year-on-year growth rates are as follows: an 8% increase from 2023 to 2024, a 6.6% increase from 2024 to 2025, a 6.15% increase from 2025 to 2026, and a 5.07% increase from 2026 to 2027. Over the last two years, the average annual growth rate is approximately 7.3%. The compound annual growth rate (CAGR) over the five-year period from 2023 to 2027 is 6.41%.
Future trends to watch for include advances in solar technology, government incentives and policies promoting renewable energy, and the integration of solar power into the national grid. Monitoring these factors will be crucial in understanding the potential for continued growth in Argentina's solar energy capacities.
