There was lots of expectations surrounding the public tender to develop renewable energy projects in the country. The tender received bids to collectively generate more than 6,000 megawatts of energy, when the initial goal of the initiative was 1,000MW, Energy Minister Juan José Aranguren said. “We received 123 proposals.” The Macri administration expected to get between 60 and 70 proposals. Aranguren went on to note that the administration expects to receive between US$1.5 billion and US$2 billion on renewable energy projects, which would translate into as many as 8,000 jobs. Argentina is one of the countries in the region that produces the least amount of renewable energy.

Source: The Bubble September 05, 2016 20:48 UTC