Argentina air energy storage equipment

What type of energy does Argentina use?

Argentina’s total primary energy mix is dominated by natural gas (55%) and oil (33%), with bioenergy contributing 5%, and hydropower and nuclear another 3% each. Argentina has the 2nd largest reserve of shale gas and the 4th largest reserve of shale oil worldwide.

Is Argentina ready for non-hydro renewables?

The country has set a goal for non-hydro renewables to reach 20% of the power mix by 2025 and recent efforts have triggered increased deployment (2021: 12.5%). Argentina is the world’s fourth largest lithium producer, a mineral critical for the manufacture of battery storage systems and, therefore, for the energy transition.

Does Argentina have universal electricity?

Argentina is among the first Latin American countries to achieve universal electricity access, with a successful programme on rural electricity markets accelerating the connection of remote last miles users to the grid in recent years. More than a quarter of the electricity generated in Argentina comes from renewables.

How much oil does Argentina produce a year?

In 2019, the country produced 500,000 bpd of oil, of which 89,000 bpd was exported, but the country remains a net importer of oil products. In terms of power generation, Argentina relies on natural gas (65%), hydropower (18%), followed by nuclear 8%, wind (7%) and solar (1%).