What are the current renewable energy stats for Argentina?
Since 2004, the Argentine energy sector is going through an important crisis as a consequence of the natural gas shortage, fixed energy tariffs, a cap on energy prices, and no investments in increasing energy generation, since 1999. Moreover, other factors such as the strong devaluation of Argentine’s peso in 2001, the high international crude prices, and the continued economic expansion have led Argentina to an energy emergency. All these factors threatened Argentina’s economic expansion, since gas shortage and consecutive blackouts have been negatively impacting transportation and industrial sectors. Furthermore, these problems are not only limited to Argentina, since the country has significantly reduced its gas exports to Chile and Uruguay. The country is likely to have more severe electricity supply crisis in the short term. The Government needs to immediately implement adequate measures to attract investments in oil & gas exploration and electricity generation projects to expand
