Argentina is the third largest power market in Latin America. The Argentinian power landscape is still dominated by fossil fuels, which represent 87 per cent of the total energy mix. Until 2010 Argentina was a power exporting country, however, increased consumption combined with a steady decline in developing new power projects and the decline in the extraction of natural gas forced Argentina to import power (and natural gas for thermal power plants) from neighbouring countries.
Under new legislation, a rising quota of electricity supplied to regulated and private consumers must come from renewables, including wind, solar, hydroelectric and biomass plants with up to 50MW of capacity. This quota starts at 8% from 31 December 2017, rising by around 4% every two years (around 2GW), until it reaches 20% by 2025.