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German renewable energy firm Sowitec is looking to develop Argentina's wind power capacity but is currently waiting for conditions to improve, a company spokesperson told BNamericas.
"We will develop projects when the conditions for wind power are right in the country," the spokesperson said. "Right now we don't think the conditions are there."
The company is currently undertaking numerous wind studies and sees potential for a pipeline of 7GW of wind capacity, according to the company's website.
In March of this year, state power company Enarsa opened economic offers in a tender, dubbed Genren, for 1GW of renewable power, at least half of which is expected to go to wind projects.
Sowitec, however, did not take part in the Genren tender, according to the spokesperson.
Argentina's southern Patagonia region is seen as having tremendous potential, with utilization rates as high as 40%. But complications including transmission have thwarted progress.
By the end of the year, Argentina is set to have only 41MW of installed wind capacity.
Sowitec is aiming to develop wind projects across Latin America, with offices in Argentina, Mexico, Brazil, Uruguay, Peru and Chile. Its 102MW set for Chile's northern Calama region recently gained environmental approval for development.