Buenos Aires wind power new energy storage policy

How much will Buenos Aires invest in storage capacity?

The Argentinean authorities plan to install the new storage capacity in critical nodes of the metropolitan area of Buenos Aires, with an estimated investment of $500 million and an execution period of between 12 and 18 months. From pv magazine Latam

Does Argentina need more wind power?

In addition, Argentina’s power grid needs significant upgrades to accommodate increased wind power generation. Despite these challenges, there is a sense of optimism in Argentina’s wind energy sector. The government is actively seeking to attract foreign investment through incentives such as tax breaks and guaranteed power purchase agreements.

Are Argentine oil and gas companies moving towards the power industry?

The Argentine market is not strange to the shift of oil and gas companies towards the power industry. Different long-standing Argentine oil and gas companies like Tecpetrol, Pan American Energy (PAE) and YPF have been investing in renewable generation projects in the past years.

Are corporate PPAs a new phenomenon in Argentina?

Corporate PPAs are not a new phenomenon in Argentina; on the contrary, the power regulatory framework in place since 1992 provides rules to encourage large users to enter into PPAs directly with power generators. However, PPA regulations in the past have only contemplated the existence of conventional sources (mostly thermal power stations).

How is the Argentine power sector governed?

Read more on Insight The Argentine power sector is governed by Law No. 4,065 and its regulations, Decree Nos. 1398/1992 and 18619/95, and Resolution No. 61/1992, among others (the Regulatory Framework). The Regulatory Framework is characterised by the following main features:

Do solar and wind power plants need a concession?

As a general rule, the operation of power generation plants (including both solar and wind) do not require any specific concession, although regulatory, safety, transmission and environmental clearances are required, and to build and operate a hydroelectric generation facility, a concession must be obtained.