The current population of the Argentine Republic (Argentina) is approximately 45.11 million people. In 2019, utilities use natural gas (58.4%), renewable energy (32.4%), oil (4.7%) and nuclear energy (4.5%) to generate electricity in the country. Hydropower is the primary source of renewable energy in Argentina.
Argentina has developed a sophisticated body of environmental jurisprudence, from cases on mining and other industrial pollution to community water supplies. The government is moving swiftly to develop the country’s significant renewable energy resources of wind and solar. In 2017, the Argentinian government launched RenovAr, a program to increase the country’s power generation from wind and solar from 4% to 20% by 2020.
Petroquímica Comodoro Rivadavia S.A. (PCR) recently opened the Bicentennial Wind Farm in southern Argentina. The 122.4 MW capacity wind farm, located in Santa Cruz province cost approximately U.S. $160 million to complete. PCR, headquartered in Buenos Aires, Argentina was founded in 1921. The company produces cement, explores and produces oil & gas and provides logistical services.
Natural gas has been Argentina’s primary source of power for decades. The country’s natural gas production reached a peak of 1.6 trillion cubic feet of gas (Tcfg) per year in 2006. After 2006, Argentina’s natural gas production steadily declined.
In 2016, the country’s proved natural gas reserves were only 11.1 Tcfg, which would last the country approximately seven years. Argentina’s move to renewable energy is driven by the government to offset the high cost of foreign natural gas imports.
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