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  HOME | Argentina

President Unveils Renewable Energy Plan to Create 8,000 Jobs in Argentina

BUENOS AIRES – Argentine President Mauricio Macri on Wednesday unveiled a national plan that aims to increase renewable energy use by 18 percent by 2025 and create between 5,000 and 8,000 jobs.

“We are calling on companies to invest in this process,” Macri said during the presentation of the RenovAr program.

The announcement marks the start of the process of awarding contracts in the wholesale electricity market for renewable sources.

“Today, less than 2 percent of the energy we consume comes from renewable energy,” the president said.

Macri said during the ceremony at the Environmental Information and Training Center in Villa Soldati, located south of Buenos Aires, that the aim of the auction was to add 1,000 MW of renewable energy, achieving the goal of having about 20 percent of Argentina’s energy come from these sources by 2025.

Macri said he expected that the installation of wind turbines, solar panels and “different alternatives” would create “between 5,000 and 8,000 jobs.”

The president said RenovAr would save “several hundred million dollars” in electricity costs.

In the first phase, the plan will prevent the emission of more than 2,000 tons of CO2, which is like removing “a million vehicles from the streets,” Macri said.

The plan is part of the fight against climate change, a phenomenon responsible for events like “the floods that had terrible consequences for thousands and thousands of Argentines” in early 2016, Macri said.

“And the worst thing is that in the second half of the year, we will experience drought,” Macri said, adding that this was why the country must reduce greenhouse gas emissions.

 

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