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6 FAQs about [Argentina chemical energy storage support policy document]

What is the energy transition plan in Argentina?

On July 7, by Resolution 517/2023 of the Secretariat of Energy (of the Ministry of Economy), Argentina approved the National Energy Transition Plan to 2030 and the Guidelines and Scenarios for the Energy Transition to 2050 .

What is Argentina's energy policy?

1. Policy Argentina has a target to reach 8% of renewable electricity generation by 2016, established in 2006 by Law 26190. In order to reach its target, in 2009 Argentina launched an auction through its national energy company (ENARSA).

How much money has Argentina committed to supporting different energy types?

In 2020-2021, in response to the COVID 19 pandemic, Argentina has committed at least USD 1.44 billion to supporting different energy types through new or amended policies, according to official government sources and other publicly available information. These public money commitments include:

How can public money help the energy sector in Argentina?

A considerably larger amount of public money committed to supporting the economy and people of Argentina through monetary and fiscal policies in response to the crisis may also benefit different elements of the energy sector.

Why are Argentine oil and gas companies investing in lithium & copper?

In addition to investing in renewable projects, as part of their energy transition policies, Argentine oil and gas companies have also been looking into lithium and copper projects. It is well-known that lithium batteries, as an option for rechargeable energy storage, have created a strong demand for lithium.

How ewable energy penetration can be achieved in Argentina?

ewable energy penetration. In order to reach the 20 % target for 2025, installed renewable generation capacity must increase to 10,000 MW from a current base of only 800 MW i operation in the country.Power demand in Argentina has historically grown by 2-3% p.a. and it is highl

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