The success of Argentina’s renewable energy tenders that have contracted 2.5GW of wind and 1.7GW of solar projects has yet to translate into a regular flow of financing, but as the sector moves on to its fourth round in three years, investors and developers are hopeful the RenovAr programme's unfolding success will help bring new finance.

“There is no track record for the performance of the contracts and no track record for construction, since this is a totally new business.