A squeeze on profitability at Argentina’s first wave of renewables projects from high loan-costs and issues over project-readiness has led several investors to adopt a wait-and-see approach before committing to new investments in the country, Recharge has learned.
“Argentina is a surprising country. It has huge resources, high power demand-growth and things are moving fast, but it is still a risky, below investment grade country,” says Aaron Daniels, managing director of Bangkok-based risk advisory firm Modern Energy Management (MEM).
MEM
