Forecast: Share of Renewable Energy and Nuclear Energy Use in Argentina

The share of renewable and nuclear energy use in Argentina has demonstrated a consistent decline over the recent years. The data reveals a gradual downtrend from 5.67 units in 2013 to 5.02 units in 2023. The year-on-year variation has typically remained negative, with the recent two years (2022 and 2023) showing a decline of 1.03% and 1.02%, respectively. The compounded annual growth rate (CAGR) over the last five years also indicates an average annual decrease of 1.04%.

Projection data for the period from 2024 to 2028 continues this downward trend, forecasting a further decrease from 4.96 units in 2024 to 4.75 units by 2028. The anticipated forecasted CAGR over the ensuing five years is -0.88%, indicating a continued but slightly less pronounced decline. The total reduction over this period is forecasted at 4.3%.

Future trends to watch for include:

• Potential increases in policy incentives for renewable energy, which could alter the current downward trajectory.
• Technological advancements in both nuclear and renewable energy sectors that may improve efficiency and lower costs.
• Economic shifts or global energy market changes that could influence Argentina's energy mix and energy policy decisions.