How much does solar energy cost in Argentina?

The annual average Argentina solar potential for photovoltaic (PV) energy generation is approximately 1.6 MWh/kWp. 2 As of December 2023, the average residential electricity cost is approximately $0.019 per kWh. For businesses, the average cost is about $0.024 per kWh.

Is solar adoption a problem in Argentina?

(Credit: Nestor Barbitta) For a country with the abundant solar resources of Argentina, the lack of PV adoption is cause for concern. The north of Argentina experiences high levels of solar radiation and has the capacity to produce electricity and jobs for rural and underserved communities in the country.

How can solar power benefit Argentina?

By promoting the use of residential solar, Argentina could take advantage of land in rural areas that receive a significant level of radiation and bring jobs and economic development to poorer areas of the country.

Should Argentina invest in solar energy?

If Argentina were able to stabilize its economy and provide better incentives for solar, investors would be more apt to support renewable energy projects. However, the lack of residential distributed generation projects is hindering mainstream solar adoption.

How much does electricity cost in Argentina?

For businesses, the average cost is about $0.024 per kWh. These prices include all associated costs such as power, distribution, transmission, and taxes. 3 The infrastructure supporting Argentina’s electricity supply is a mix of public and private entities, but it suffers from aging components and inadequate maintenance.

How much electricity is lost in Argentina?

Distribution losses in Argentina are estimated to be around 16% of the total electricity generated. This figure is notably high compared to international standards, where losses typically range from 5% to 10%. 5