Argentina has the most potential, but is hampered by subsidies

The electricity sector is in the midst of a global revolution, although the local situation is not entirely good. The companies are in full progress in the development of “clean” energies, based on renewable sources, which make dozens of new projects possible. But Argentina presents unprecedented regulatory complexities. Companies spend more time pending the evolution of subsidies and tariffs in the assembly of new investment projects.

“The sector is going through a total revolution. The last great revolution that the sector experienced was when (Thomas) Edison invented the lamp. Today we are in the second revolution that is based on what is commonly called the energy transition”, Says Martín Genesio, CEO of AES Argentina. “And what we are experiencing in the world is a transition from electricity generation to energy based on fossil fuels in general to electricity generation based on non-conventional renewable sources,” he added.

“Argentina is the country with the highest energy potential in the world, it has enormous potential. But as a society, today we are discussing subsidies, how the bill is paid and I think we have to change that vision and take it a little more towards the possibilities of the future ”, Genesio observes.

Just as AES represents electricity generation, DESA is in the distribution segment. It brings electricity to homes and businesses through Edelap, Edea, Eden, Edes (in the province of Buenos Aires) and Edesa (Salta). Fernando Pini, Director of Corporate Affairs at Desa, observes that “we can collaborate in this energy transition fundamentally with the incorporation of technology. We have to go to a renovation of our meter park, and incorporate smart metering ”.

It is “a measurement that would allow the user to control their consumption, would allow the establishment of individual quality indicators, the segmentation of consumption from the demand and incentivize the user to even be able to generate their own renewable energy and put it into the distributor’s network”, according to Pini.

The energy transition was highlighted in “The commitment to Energy-Electricity”, in the dialogue organized by Clarion as part of the cycle “The world to come.”

YPF decided to create YPF Luz in 2013, with the aim of being the arm of the energy transition of the largest company in Argentina ”, according to Martín Mandarano, CEO of YPF Luz. “YPF creates electrical energy as an advance. As of a few years ago, the big oil companies of the world began to do: if you look at BP, Repsol, Shell, Total, all began to create electric vehicles or vehicles for the development of electric energy “, emphasizes.

“At that time, YPF made the decision back in 2013, with which we have to feel proud, that there is a vision of being ahead of what was coming,” he remarks.

The full talk can be seen at https://www.youtube.com/watch?v=2pU4OnkcxqA

“Quilmes started with this great challenge back in 2018, when we began to reach this goal,” according to Vanesa Vázquez, manager of Inclusive Growth at Cervecería y Maltería Quilmes.

“Thanks to the multidisciplinary work of many teams within the company, we were able to advance in a contract to buy renewable energy for the next 20 years. This purchase contract for US $ 283 million (…) allows us to access renewable energy for 10 breweries, two malterias, a hops farm, the entire operation of the company and add -as we say with our brand- a new ingredient to beer, which is the wind ”. He said.

By Editor

Leave a Reply