Forecast: Renewable Electricity in Argentina

The renewable electricity production in Argentina has exhibited fluctuating trends from 2013 to 2023. Notably, the production peaked in 2013 and 2020, with the lowest values observed around 2016 and 2023. Over the last two years, there has been a notable downward trend, with a year-on-year decrease of 1.28% in both 2022 and 2023. The 5-year CAGR leading to 2023 showed a slight decline of -0.058%, indicating a general stagnation. For 2023, the renewable electricity production stood at 23.93 units.

Moving forward, the forecast until 2028 anticipates a continued decline with an annual average drop of approximately -1.06%, and an overall 5-year reduction rate of -5.21%. Key future trends to monitor include advancements in renewable technologies, government incentives, and global energy price fluctuations, which could potentially reverse or exacerbate this decline.

Highlights:

• Renewable electricity production peaked in 2013 and 2020.
• Noticeable declines, especially in 2016 and post-2021.
• A slight decrease in average annual growth rate till 2023 (-0.058%).
• Forecast of continued decline with an average annual reduction of -1.06% by 2028.