Argentina has enormous potential and will have to carry out a radical transformation of its energy matrix (still strongly tied to hydrocarbons) to achieve the goals set by the 27.191 law: that the renewable energy sources reach an 8% of the national electricity consumption in 2018 and an 20% to the 31 of December of 2025.
The Government, after the negotiations of the Renovar Plan, is betting on two fronts to achieve it: on the one hand it promotes the commercialization of renewable energy between private, so that the large users (generally large companies) can freely agree on the purchase and sale between them; on the other hand, through the Law of Distributed Generation, it aims at the domiciliary users and the SMEs, so that they are also producers as well as consumers and have the possibility to inject energy into the network.
The economy of Argentina is the third largest in Latin America behind those of Brazil and Mexico, and the second largest in South America, based on and benefiting from enormous natural resources. It has a sector oriented to agricultural exploitation and export of advanced technology, a powerful and diversified industrial base, a high level of development in the scientific-technological area and a mainly literate population.
At the beginning of the 20th century, the Argentine Republic was one of the countries with the best prospects in the world, however, between 1974 and 2002, several economic depressions affected its development.In the 2015 year, the World Bank qualified for the first time Argentina as a high-income economy. In that same year, the country had a per capita income of more than 16.000 US dollars in purchasing power parity (PPA), the second highest in Latin America (after Chile).
Due to its economic dimension, it is part of the G-20 (group of 20 industrialized and emerging countries). Between 2003 and 2012 doubled its middle class, standing out as the Latin American country with the largest increase in that economic segment and the second by relative weight.
According to a UN annual report on Human Development for the 2016 year, Argentina is the fourth Ibero-American nation with the highest human development index behind Spain, Chile and Portugal, and ahead of Uruguay.