Renewable energy – opportunities for UK businesses in Argentina’s energy market
Last week Professor Gianluca Marcato moderated an event organised by Energy Networks, with the British Argentine Chamber of Commerce and the Embassy of the Argentine Republic at The Shard in London. The aim of the mini-conference was to provide informed comment and experiences in making investment choices for renewable energy opportunities in the Argentine Energy Market. The panels comprised UK and Argentine government officials as well as industry investors and experts.
The opening speech was given by Carlos Sersale di Cerisano, Ambassador of Argentina. The Argentine National Director of Renewable Energies (Ministry of Energy and Mines) introduced the national program for the promotion of the use of renewable sources of energy, and energy mix targets. In addition, representatives of UK Export Finance and the Department for Business, Energy and Industrial Strategy (BEIS) provided an overview of assistance available for UK businesses in developing projects in the renewable space in Argentina.
The investors’ perspective of doing business in Argentina was also provided and highlighted experience of profitable returns on investment (between 8% and 20% net of costs). The discussions around market developments, future opportunities tax/legal issues and potential risks were very lively with contributions from an engaged audience, existing investors, and exceptional panellists.