Business Monitor International


Argentina Renewables Report

Published 12 November 2014

  • 40 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$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 renewable 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. This was evidenced in July 2013, when it was announced that domestic utility  Impsa was the sole bidder in the tender for the expansion phase of the Arauco I wind facility in the country's La Rioja province.

Recent developments within the renewables industry include:

  • The Argentine government is planning to apply an equal-treatment clause, or pari passu, to creditors in the bailout of renewables energy company Pescarmona. The bailout is part of an attempt to avoid the first corporate default since the country failed to make a debt payment in July 2014. Pescarmona, the country's largest renewables firm, is facing a cash-flow shortage as a result of overdue payments from its biggest clients in Venezuela and Brazil. According to a statement by Industry Minister Debora Giorgi, 1,700 jobs are at risk. As reported by Bloomberg, Giorgi said, 'we will help the company to keep its jobs, defending the state interests ... the cash to be injected should be pari passu of what other potential creditors may have injected.'

  • In...

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
23
Table: Argentina Key Projects - Renewables
23
Industry Risk Reward Ratings
27
Argentina Renewables Risk/Reward Ratings
27
Rewards
27
Risks
28
Market Overview
29
Sustainable Energy Policy and Infrastructure
29
Targets
29
Subsidies
30
Table: Renewable Feed-In Tariffs, 2009
31
Infrastructure
31
Competitive Landscape
33
Energ-a Argentina Sociedad An-nima (Enarsa)
33
Isolux
33
Compania Administradora del Mercado Mayorista Electrico (CAMMESA)
33
GENNEIA
34
Glossary
35
Table: Glossary Of Terms
35
Methodology
36
Methodology And Sources
36
Industry Forecast Methodology
36
Sources
38
Risk/Reward Ratings Methodology
38
Table: Renewables Risk/Reward Rating Indicators
40
Table: Weighting Indicators
42

The Argentina Renewables Report researched at source contains Business Monitor International (BMI)'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.

secure
Benefit from discounts when you add multiple products to your basket
2 Products SAVE 10%
3 Products SAVE 15%
4 Products SAVE 20%
5 Products SAVE 25%
6 Products SAVE 30%
7 - 20 Products SAVE 35%
21 Products or more SAVE 40%

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