Wednesday, May 6, 2020

Renewable Energy In Argentina - 706 Words

It is about time that Argentina stepped up to the plate. As the country’s gas reserves have continued to dry up and both the economy and the demand for energy have kept on growing, Argentina’s energy sector has fallen into decline. In 2011, for the first time in 27 years, the country became a net importer of energy, and landed itself a US$9.4bn import bill for oil and gas. It is clear that the government needs to revisit many of its energy strategies, and as the country’s demand for electricity is estimated to keep growing at an annual increase of 6% a year, the pressure is mounting. So far, all of Argentina’s renewable energy sources have been left unexploited. According to advisory group Ernst Young, wind energy sources in Patagonia†¦show more content†¦It is believed that the current transmission infrastructure is sufficient to support the build-out of the successful GENREN tenders; however, project development beyond this level will require significant investment in the transmission infrastructure. Wind Argentina has abundant unexploited wind resources, especially in the southern Patagonia region where capacity factors are well in excess of 45%. Current installed capacity stands at 32 MW, though the Government is targeting 1.2 GW by 2016. Despite ongoing difficulties with project financing and low electricity prices, certain provinces have introduced local tax incentives. For example, Chubut, in north Patagonia, has approved legislation removing 100% of taxes on gross income from wind power in the first 5 years of operation, reducing to 50% in years 6 to 10. The province hopes such incentives will spur the build-out of an estimated 2.2-GW pipeline. Solar Argentina’s eastern plains and north western regions are ideal for solar PV development. However, only 10 MW of solar has been installed in Argentina to date, making it a huge untapped resource. The Government has set a target of generating 3.3 GW of solar power by 2020. Biomass Argentina has historically focused on biofuel development rather than biomass, resulting in minimal installed capacity to date. However, itShow MoreRelatedThe Energy, Clean Renewable Energy902 Words   |  4 Pagesseems to be right within humanities grasp? The answer is energy, clean renewable energy. With the increasing advances in modern society, as does the requirement of more energy becomes necessary. Currently humanity are facing a dilemma where humans are burning threw nonrenewable resources such as fossil fuels, coal, natural gas, and oil faster than they can be replenished from a set stock. 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