Macroeconomy/Finance

Argentina’s political uncertainty and debt crisis torpedo green energy push

The political uncertainty and inflation running at nearly 51% has put up a barrier to finishing renewable energy projects in development in Argentina, like the Vecaso solar park in Mendoza as well as planned expansions in Jujuy province, already home to South America’s largest solar farm. Marcelo Alvarez, president of the Argentine Chamber of Renewable Energies (CADER), told Reuters that the situation was affecting “one of the few sectors that had real investments in recent times,” adding that projects requiring a large initial investment were particularly affected.

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Source: Reuters

Categories: Macroeconomy/Finance