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Argentina's growing energy market attracting Hanseatic firms

Germany sets example in energy market - north German firms now operating in Argentina

Argentina is following Germany and the EU’s pioneering role in expanding renewable energies with targets to be reached by 2020. The Latin American nation is forging ahead with tenders to grow the sector and stir up competition and the government has set ambitious goals for the coming years. Members of Hamburg’s Cluster Renewable Energies are already operating in Argentina and lending their support.

Upswing in Argentina

International tenders have been issued for projects in the “RenovAr” programme. During the first bidding round for 1,000 MW, bids were made for over 6,000 MW mostly for wind and solar energy projects. Companies that secure a bid sign an energy contract with Cammsas, the wholesale power market administrator.

In January 2017, Nordex announced two orders for 148 MW under which Nordex Acciona Windpower would supply 32 turbines for the La Castellana project and 15 turbines for the Achiras. Construction is due to get underway in the last quarter of 2017 and to be completed by next summer. Central Puerto, Buenos Aires, one of Argentina’s key energy suppliers, is in charge of both projects earlier secured as part of RenovAr.

Hamburg’s Senvion

The Hamburg-based Senvion is a leading, global producer of wind turbines. The company has set short and long-term goals for the Argentine market and believes the tenders are worthwhile. Pablo Necochea, Senvion’s Business Development Manager for New Markets, said: “The tenders in Argentina were organised very quickly and are cranking up the market.”

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