For instance, in February 2022, the state-owned oil and gas utility firm, YPF, started constructing the 300 MW Parque Solar Zonda project. The country has several solar PV projects in the pipeline and planning stages, which are expected to significantly boost the growth of the solar energy market in Argentina.
More than half of Argentina's territory receives annual average sunlight over 3.5 kWh/m2, making solar PV a technically viable option to match the higher electricity demand. In 2021, solar power accounted for more than 12.7% of total renewable power in Argentina, with the majority being generated through solar PV.
This cost reduction has made solar technology, especially solar PV technology, more accessible in Argentina, with a total solar PV installed capacity of 1,060 MW in 2021. The growing electricity demand is also a major factor driving the market's growth.
In December 2021, Argentine power producer Genneia SA started the construction of the 80 MW Sierras de Ullum solar farm. The USD 60-million project is expected to be commissioned by the end of 2022. Similarly, in February 2022, YPF Luz started the construction of the 100-MW Zonda solar farm project in San Juan.
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The company specializes in solar energy solutions, offering a wide range of products including solar panels, inverters, and solar charge controllers, which are essential components for solar combiner
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