Chile and Argentina currently focus on increasing the share of energy from renewable sources and their governments are pushing to reduce barriers to entry to attract the best technologies and investors into the sector in both countries. The next 4-5 years represent a key period in which investments are needed to achieve the targets both countries have set for 2020 and 2025. Whilst most opportunities traditionally relate to wind and solar projects, other types of non-conventional renewable energies are starting to show growth in the region, including mini-hydro, tidal and wave, geothermal and biomass energy.
Argentina has recently suffered an energy supply crisis. There is a need for investments to solve the country's dependency on conventional thermal sources such as diesel oil and natural gas. Currently, only 2% of Argentina’s energy matrix represent renewable sources. The new government has stated the goal to increase the share of renewable energy of total capacity from 2% to 8% by the end of 2017 and up to 20% by the end of 2025.
Chile has a large clean energy potential with various unique geographical conditions throughout the whole country making it an ideal place for investment and one of the fastest growing renewable energy markets in the world. A top priority from the Chilean government is to take the country into the next step of clean energy production, having legally established a new objective of generating 20% of its energy from non-conventional renewable energy by 2025.
In November 2016, Business Sweden arranged a Swedish renewable energy delegation to Chile and Argentina led by Sweden’s Minister of Trade & EU affairs, Mrs. Ann Linde, and accompanied by Swedish experts and dignitaries, with the purpose promote opportunities for Swedish companies. The objective of the delegation was to generate interest for Swedish renewable energy solutions based on Sweden’s world leading position and strong technical knowledge .
Business Sweden then published a brief guide to the renewable energy opportunities in Chile and Argentina that is downloadable here.