Imagine how the world was three decades ago where you didn’t have to deal with the scorching sun, heavy rains, and other climate fluctuations. Probably, it feels like a dream that you don’t want to wake up from and live there forever. However, the reality is harsh, and we have no one to blame for the climate changes other than us. For years, people focused on economic growth, neglecting the environment. This fact explains why global warming and the emissions in the air are becoming impossible to handle. With the net-zero target, the planet can make up for the mistakes in the past years.
Argentina is one of the countries striving in the renewable energy sector to reduce carbon emissions from fossil fuels. Statics show that in 2020, Argentina’s 9% power came from renewable energy sources. And the country has an ambitious target to increase the percentage threefold in ten years. In the nation’s renewable plan, the most significant project revolves around onshore wind. Experts claim that with the renewable power available in 2030, 65% of this power will be sourced from onshore wind power.
This plan will run from 2021 to 2030, and experts claim to make a significant renewable energy change in these years. Unlike other countries, Argentina relies on energy imports that are expensive to handle and stagnate the country’s economic growth. With this move to the renewable sector, it can save up money and reduce its dependency on the imported energy infrastructure.
The new energy capacity is planned to form from renewable energy and help the country reduce gas emissions. GlobalData estimates the country’s new power capacity to add by 14.8GW in the decade plan. From the 14.8GW capacity, at least 11.9GW capacity will be sourced from renewable sources, and 7.2GW of the latter will come from the onshore wind power. Argentina has received the clean energy transition positively, and the key factor is the successful implementation of its pilot program, popularly known as the RenovAr program.
This program has awarded over 6,300MW of new renewable energy, and it aided in the search for investments in renewables. The project’s total investment runs up to $7.5bn with the power to finance at least 240 projects. Another critical area that is leading to the growth of renewables is the rising onshore wind segment. Argentina is located in the best place to venture into the onshore wind power sector since 60% of the country has the best wind condition where the average speed can run up to 12m/s.
In addition to that, the administration has set up policies that support the energy transition. The incentives and the reduced price of onshore wind turbines have further motivated people to invest in renewable power.
This post was originally published on Downey Magazine