Argentina Renewables Report

Published 28 April 2015

  • 39 pages
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$1,295.00
Argentina Renewables Report

BMI View: Despite an attractive regulatory framework and ambitious government plans for expansion, we maintain a relatively bearish outlook towards the Argentine renewables industry. An unappealing business environment and limited project financ ing opportunities will continue to limit the sector's growth potential over the forecast period.

Argentina's positive regulatory framework for renewables on the surface looks appealing to investors. For example, the country has adopted an ambitious target of sourcing 8% of its electricity demand from renewables by 2016, offers various tax incentives to renewables developers, has implemented a feed-in tariff (FiT) programme, an energy auction system and a programme called GENREN. However, despite these attractive incentives, which in another market would typically have drawn in developers, there has been a notable lack of international investor interest in the Argentine renewables market.

Recent developments within the renewables industry include:

  • In February 2015, Argentina's Ministry of Federal Planning signed an agreement with Sinowind Technologies to develop a 200MW wind project in Gastre Department, Chubut Province, Argentina. The project, called El Angelito, will cost USD435mn. The facility, which will be built with the help of local firms, will be installed with 80-100 units of 2MW turbines. The wind farm will be connected to the 330kV Futaleufu-Puerto Madryn transmission line. Funding will be arranged by Sinowind with Chinese banks.

  • We have revised down our 5-year growth forecast for Argentina's nascent solar power sector, due to a limited project pipeline relative to ambitious government targets. However, we hold a more positive outlook for growth in off-grid solar, supported by a USD200mn loan from the World Bank and a strengthening local PV manufacturing industry.

  • According to reports in November 2014, Argentina's La Rioja province is expected to double the capacity of its 50.4MW Arauco wind...

Table of Contents

BMI Industry View
5
SWOT
7
Industry Forecast
9
Argentina Renewables Forecast Scenario
9
Table: Argentina Total Electricity Generation Data And Forecasts, 2012-2017
9
Table: Argentina Total Electricity Generation Long Term Forecasts, 2018-2023
10
Table: Argentina Electricity Generating Capacity, Historical Data And Forecasts, 2012 - 2017
12
Table: Argentina Electricity Generating Capacity Long Term Forecasts, 2018 - 2023
13
Argentina Renewables Projects Database
20
Table: Argentina Key Projects - Renewables
20
Industry Risk Reward Ratings
22
Argentina Renewables Risk/Reward Index
22
Rewards
22
Risks
23
Market Overview
24
Sustainable Energy Policy and Infrastructure
24
Targets
24
Subsidies
25
Table: Renewable Feed-In Tariffs, 2009
26
Infrastructure
26
Competitive Landscape
28
Energ-a Argentina Sociedad An-nima (Enarsa)
28
Isolux
28
Compania Administradora del Mercado Mayorista Electrico (CAMMESA)
28
GENNEIA
29
Glossary
30
Table: Glossary Of Terms
30
Methodology
31
Methodology And Sources
31
Industry Forecast Methodology
31
Sources
33
Risk/Reward Index Methodology
33
Table: Renewables Risk/Reward Index Indicators
35
Table: Weighting Indicators
37

The Argentina Renewables Report researched at source contains BMI Research's assessment of the current renewables market in Argentina. The report also contains historical data together with forecasts to end-2018 covering electricity generation (TWh) and electricity capacity (MW).

The renewables sectors covered in the report include Wind, Solar, Geothermal, Tidal and Wave, and Biomass (See Table of Contents for exact coverage). The report also features details on government green energy agendas and funding opportunities, as well as presenting a detailed list of key renewables projects currently being planned or undertaken in Argentina, their capacity, the timeframe of construction and their current status.

The report discusses the various energy policies currently in force, including targets, subsidies and the relevant infrastructure developments or limitations which might impact on renewables growth, analysing the potential effects of regulatory changes in conjunction with the background macroeconomic outlook. Finally, there is a general overview of the competitive landscape in Argentina, together with a detailed summary of the main utilities and manufacturers present and their business operations.

BMI's Argentina Renewables Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with unique independent forecasts and competitive intelligence on the Argentina renewables industry.

Key Benefits

  • Benchmark BMI's independent renewables industry forecasts for Argentina to test other views - a key input for successful budgeting and planning in the renewables market.
  • Target business opportunities and risks in the Argentina renewables sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in the country.

Coverage

BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis covering the renewables market in Argentina, regulatory changes, major investments and projects and significant multinational and national company developments.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the renewables sector and within the broader political, economic and business environment.

BMI Industry Forecasts

Historic data series (2010-2012) and forecasts to end-2018 for electricity generation (TWh) and electricity generating capacity (MW) for each individual renewables sector present in the country.

These in turn are broken down into:

Electricity Generation: Overall capacity (TWh), growth % change year-on-year, KWh per capita, % of Total Non-Hydropower renewables generation, % of total electricity generation.

Electricity Capacity: Overall capacity (MW), growth % change year-on-year, % of non-hydroelectric renewables capacity and % of total capacity.

These forecasts are in turn supported by explicit assumptions, in conjunction with analysis of the key risks to the main forecast.

Business Environment Rankings

BMI's Renewables Business Environment Rankings provide fully comparable Risk-Reward Rankings aimed at investors in the regional renewables market.

The rankings methodology makes sophisticated use of various industry, economic and demographic data point.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc