Electricity in Argentina in 2023

As of 2023, Argentina’s electricity consumption is largely dependent on fossil fuels, with more than half (around 55%) of its electricity being generated from these sources. Gas holds the largest share among fossil fuels, accounting for close to half (48%) of Argentina's electricity. Low-carbon or clean energy sources contribute significantly, with nearly 37% of the electricity coming from these sources. Hydropower is the leader in the low-carbon category, providing roughly 20% of the electricity, followed by wind at almost 9%, and nuclear at just over 5%. Other clean energy contributions come from solar and biofuels, but their individual shares are below 2%.

Suggestions

To increase its low-carbon electricity generation, Argentina can learn from countries that have successfully harnessed nuclear energy and wind power. France, for example, generates 65% of its electricity from nuclear power, showcasing how substantial investments and commitment to nuclear energy can significantly reduce reliance on fossil fuels. Similar success is seen in Slovakia and Ukraine, with over half of their electricity coming from nuclear energy. Additionally, Denmark and Uruguay have excelled in wind energy, with wind contributing around 53% and 35% of their electricity, respectively. Drawing inspiration from these countries, Argentina could focus on expanding its nuclear and wind capacities to potentially achieve significant gains in clean electricity production.

History

Analyzing the history of low-carbon electricity in Argentina reveals significant fluctuations, particularly in hydropower. In the early 1980s, hydropower generation increased, notably by 4.5 TWh in 1980. However, it faced setbacks such as a 6.7 TWh drop in 1988. The 1990s saw alternating periods of growth and decline, with notable gains in 1990 and 1993 but declines in 1996 and 1999. A remarkable boost occurred in 2000 and 2001, with hydropower increasing by 7.2 TWh and 8 TWh respectively. More recent years have continued to see fluctuations, but there has been a promising rise in wind power, with significant increases in 2019 and 2020. The most recent year, 2023, saw a notable increase in hydropower generation by 9.3 TWh, indicating a positive trend in clean energy progression.

Electricity Imports and Exports

Balance of Trade

Data Sources