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Wind Energy and Other Renewable Energy – 11/29/2018

For each megawatt hour of electricity from renewable sources it is avoided by emitting 0.68 tons of carbon dioxide. When it replaces fossil fuels, Rawson's wind power plant, the largest source available in the country, prevents emissions of 205,000 tons of gases that produce annual greenhouse effect. One of the reasons why the government promoted the installation of green power plants in the country, a business opportunity to which oil companies joined.

According to the official program, more than 4600 megawatts will be completed in the next two years, to be added more than 800 installed this year, adding all the technology of the menu: solar panels and, to a lesser extent, biomass, biogas and minihydro.

By 2022, the sum of green electricity would have a lower rate, between 600 and 700 megawatts per year, discreetly following the expected increase in demand up to 12,000 megabytes in 2030. This means that almost half of the renewable electricity is expected to be included in the system in the first twelve years quarter, starting from 2018.

It is an official purpose to comply with the law imposing the target of 20% of the electricity consumed in the country in 2025 from that source, the obligation extending to large users, is forced to recruit.

This goal is not endangered, though the development of Vaca Muerta as a quasi-inexhaustible source of gas a priori compete with this type of development. But the country is not going to be more ambitious than the European countries that have been planning to clean up to 80% of their energy matrices in two decades.

Although it is far from the core of countries that are more damaging to the environment, Argentina must adhere to the Paris Climate Change Agreements that force it to take decontamination measures. The replacement of liquid fuels burning for electricity production is a way of respecting the international obligation: according to the National Inventory of Emissions, energy is responsible for 52% of the pollutants produced by the country.

Thus, the legislation is very friendly with investment items, which include long-term contracts in dollars subscribed to the system through Cammesa (Community Embassy, ​​Mayor Eléctrico Sociedad Anónim), generous guarantee fund fosters public funds (Foder) and World Bank support for investors who meet certain guidelines, including respect for the environment.

These certificates, however, did not prevent some contracts signed in the three tenders that Energy organized to encourage renewable energy sources to face difficulties with the fall of financial agreements. The projects were agreed on one-off rates before the local currency crisis, which later catapulted financing costs to a level that jeopardized the viability of some projects. The fate of the investor is mixed.

Major players such as Genneia, the market leader in green mega, have survived for now, and even anticipated an inauguration schedule for projects that exceed $ 900 million. Others launched a strong betting at the beginning of the storm, as YPF Luz, which already operates 100 MW Behr Manantiales Wind Farm in Chubut, started building Los Teros in Azul in the province of Buenos Aires and plans a wind turbine Cañadon Lav in Santa Cruz.

This division of oil companies leads the market between private companies (Mater) as a generator of renewable electricity. The predecessor was a contract he had with Profeteil to provide energy from that source. But this is not the only company in the sector that is expanding into this sustainable segment, naturally competitive with gas and oil.

Pan American Energy has already opened a 24-megawatt windmill in Garayalde, Chubut province. Pampa Energia did the same in Bahía Blanca with Mario Cerbeiro Park and has three more in construction in the province of Buenos Aires; It has a Los Caldenes solar park in San Luis and builds wind farms in Santa Cruz, part of Enren's property package, a global company.

Regardless of how they come into the green segment, oil companies have goals in their business plans that encourage them to develop more environmentally friendly forms related to the heart of their business. Inspiration similar to what Mauricio Macri had to create in the first year of leadership under the leadership of the Cabinet, the inter-ministerial body to tackle climate change issues.

The policy also sees the development of hydrocarbons and other alternative forms as complementary and not necessarily rival, although the strategic priority of Vaca Muera, the problems of financing local projects and the recession-cracked demand, has raised the foot of the renewable energy accelerator. The former are part of a system that is modernized by others, which is less polluting, but more insidious.

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