Politics
Argentina’s Clean Energy Future Is at Risk Under New Leadership
The country’s $4.8 billion renewables pipeline may be the next chapter in its boom-to-bust saga.
Clouds pass above a wind farm near Diadema, Argentina.
Photographer: Ronaldo Schemidt/AFP via Getty Images
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Winds that howl along Argentina’s Atlantic coast have long captivated the energy industry. But it wasn’t until Mauricio Macri’s government offered appealing terms that the country’s clean power boom began.
Since 2016, billions have flooded into the struggling nation as generators worked to harness those famed gusts, as well as world-class solar conditions. Clean energy attracted about as much money as state-run oil giant YPF SA spent on shale fields regarded as Argentina’s golden ticket to a stronger economy.