Argentina Allocates $500 Million For Users To Generate Energy

(Energy Analytics Institute, Aaron Simonsky, 4.Nov.2018) — Argentina’s government has allocated $500 million for a special fund to be used to subsidize loans for the purchase of solar systems that allow users to generate their own electricity.

“There will be a credit subsidy so repayment of the investment is in no more than 7 years,” reported the daily newspaper Clarín, citing Argentina’s Energy Secretary Javier Iguacel. “The idea is to add 1,000 megawatts of this type of energy generation through 2030.”

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Author: ENERGY ANALYTICS INSTITUTE (EAI)

Energy Analytics Institute (EAI) is a Houston-based independent think-tank providing unbiased research, analysis, commentaries, opinions and breaking news related to the petroleum sectors in the Latin American and Caribbean regions.

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