From 2013 to 2023, Argentina's renewable energy supply, excluding solid biofuels, exhibited fluctuations. Starting from a value of 4.94 in 2013, it reached 5.5 in 2023. Significant increases occurred in 2017 and 2018 with year-on-year growth of 11.56% and 2.39% respectively. A notable drop of 5.32% happened in 2020, with fluctuations stabilizing thereafter. The CAGR from 2019-2023 shows a slight decline of -0.14%.
Forecasts for 2024-2028 predict moderate growth, with a 5-year CAGR of 0.65%, and overall growth of 3.29%. By 2028, the renewable energy supply is expected to reach 5.73.
Future trends to watch for:
- Policy changes promoting renewable energy investments
- Advances in renewable technology boosting efficiency
- Economic factors affecting energy investments and consumption
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