NewEnergyNews: Argentina Could Spur Global New Energy Spike

NewEnergyNews

Gleanings from the web and the world, condensed for convenience, illustrated for enlightenment, arranged for impact...

The challenge now: To make every day Earth Day.

While the OFFICE of President remains in highest regard at NewEnergyNews, the administration's position on the climate crisis makes it impossible to regard THIS president with respect. Therefore, until November 2020, the NewEnergyNews theme song:

YESTERDAY

  • MONDAY’S STUDY: U.S. Emissions Dropped 2.1% in 2019
  • THE DAY BEFORE

  • Weekend Video: Documented: A Whole Continent’s Climate Has Changed
  • Weekend Video: World’s Biggest Money Fund Calls Out Climate Crisis
  • Weekend Video: Welcome To The “Solar-Plus” Decade
  • THE DAY BEFORE THE DAY BEFORE

  • FRIDAY WORLD HEADLINE-World’s Biggest Fund: “Prepare for a significant reallocation of capital”
  • FRIDAY WORLD HEADLINE-New Energy’s Century
  • THE DAY BEFORE THAT

  • TTTA Wednesday-ORIGINAL REPORTING: Distributed New Energy Ready To Serve The Power System
  • TTTA Wednesday-Amazon Workers Demand Climate Action
  • THE LAST DAY UP HERE

  • MONDAY’S STUDY: New Energy Costs Get Better
  • --------------------------

    --------------------------

    Founding Editor Herman K. Trabish

    --------------------------

    --------------------------

    Some details about NewEnergyNews and the man behind the curtain: Herman K. Trabish, Agua Dulce, CA., Doctor with my hands, Writer with my head, Student of New Energy and Human Experience with my heart

    email: herman@NewEnergyNews.net

    -------------------

    -------------------

      A tip of the NewEnergyNews cap to Phillip Garcia for crucial assistance in the design implementation of this site. Thanks, Phillip.

    -------------------

    Pay a visit to the HARRY BOYKOFF page at Basketball Reference, sponsored by NewEnergyNews and Oil In Their Blood.

  • ---------------
  • THINGS-TO-THINK-ABOUT WEDNESDAY, January 22:

  • ORIGINAL REPORTING: Community Solar Offers An Even Better Deal
  • Historic New Energy Acceleration Coming

    Friday, October 18, 2019

    Argentina Could Spur Global New Energy Spike

    Argentina May Be the Hottest Renewable Energy Market You Haven’t Heard Of. Can It Spur a Global Boom?

    Silvio Marcacci, October 15, 2019 (Forbes)

    “…From 2016 through 2019, Argentina’s government awarded contracts for 6.5 gigawatts (GW) of new renewable energy capacity, helping make wind and solar the country’s cheapest unsubsidized sources of energy. Roughly 5 GW of this capacity is already either in operation or under construction, attracting nearly $7.5 billion in new investment and creating more than 11,000 new jobs…When fully operational, these projects will push renewables to 18% of Argentina’s total power supply – a breakthrough considering they were at just 1.8% before 2016…The key to this growth was overcoming political and financial barriers to create market stability and connect foreign investors with abundant renewable energy resources. Now, that innovative power sector transformation approach is being taken abroad – and it could add 75 GW of new renewables along with $110 billion in new investment to developing nations in the next 20 years…

    …[R]enewable energy’s outlook in Argentina changed with the 2015 election. President Mauricio Macri’s Ministry of Energy and Mining aimed to diversify the country’s energy supply by attracting international private investment to the power sector and de-risking renewable energy projects…[A 20% by 2025 renewable portfolio standard (RPS) was] passed in September 2015…Argentina’s renewable energy sector truly reached investment grade when RenovAr secured $730 million in partial project guarantees from the World Bank over two funding rounds. This protected investors against contract defaults, spurred several other international financial institutions to invest in the market, and made Argentina’s renewable energy market ‘the most interesting in the world’…[Three additional auctions between 2016 and 2019 awarded] more than 4.8 GW of new renewable energy contracts across 190 projects…[They] are expected to attract $7.5 billion in financing…” click here for more

    0 Comments:

    Post a Comment

    << Home