From 2013 to 2023, Argentina’s renewable energy consumption showed fluctuating trends. Starting with an increase of 3.48% in 2013, it peaked in 2019 with a value of 10.74 units. Notably, renewable consumption experienced a significant decrease in 2020 by 8.38%, followed by stabilization from 2021 through 2023 at 9.84 units. During this decade, the highest year-on-year growth occurred in 2017 with 10.55%, while the lowest was in 2020 at -8.38%. The CAGR over the last five years marked a decrease of -1.33%.
Future trends to watch for:
- Consistent consumption pattern from 2024 to 2028, remaining at 9.84 units.
- No expected growth in renewable energy consumption, indicating a forecasted 5-year CAGR of 0%.
- Potential need for policy interventions or innovative technologies to drive growth.
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