With its large potential it is time Argentina pushes geothermal development
With an overall positive, broad and dynamic investment process in the renewable energy sector, it is about time Argentina takes advantages of its geothermal energy potential. The country has an estimated geothermal resource potential of about 1,600 MW, according to Clean Energy XXI, which could have a positive effect on its economy if utilised.
Studies indicate around 300 areas with potential of geothermal energy production, with the best development opportunities found in Jujuy, Neuquén, San Juan, La Rioja, Tucumán, Salta, Catamarca and Mendoza. The areas with proven potential are Los Despoblados, Tuzgle, Falla Cotomar and Copahue Volcano in Neuquén.
With a renewable energy law (no. 27.191), the country targets an increase its renewable energy share in the energy matrix to 20% by December 31, 2025 and 50% by 2040. To reach this ambitious goal, it is necessary to explore all renewable energy technology options. This creates an opportunity for geothermal energy projects in the country and hopefully soon some momentum for development.
Argentina’s renewable energy program RenovAr has pushed out 147 projects awarded in 21 provinces to a total of 4,466.5 MW, in 3 bidding rounds. It consists of 41 solar projects, 34 wind projects, 18 Biomass projects, 14 small hydroelectric projects, 36 of biogas projects and four of landfill biogas projects. So far no geothermal project has come out of that program, but it is likely that this happens in the not so distant future, as we reported.
Source: Energías Renovables