BMI View: Our fundamental views of the Argentine renewables industry remain unchanged this quarter, as we maintain our relatively bearish view of the market ? given the unappealing business environment. We have long praised Argentina for its strong regulatory environment for renewable energy, which should entice prospective investors to the market. However, difficulties when attempting to obtain project financing are strangling growth, and Argentina’s volatile track record of protectionist policies continues to ward off developers. Argentina’s positive regulatory framework for renewables on the surface looks appealing to investors. For example, the country has adopted an ambitious target of sourcing 8% …
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