Zero: The Climate Race

How cash-strapped Argentina became a bright spot for renewables

Dec 18, 2025
Sebastian Kind, an energy policy expert and former undersecretary at Argentina's Ministry of Energy, shares insights on Argentina's impressive renewable energy journey. He discusses how the country escalated its renewable sources to nearly 18% despite significant economic challenges. Sebastian dives into the design of the groundbreaking 2015 renewable law, attracting $11 billion in investments through innovative guarantees, and highlights the crucial role of international partnerships, particularly with China. His work at RELP aims to replicate Argentina's success in other nations.
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ANECDOTE

Childhood Memory Of Price Chaos

  • Sebastian recalls supermarket price chaos from Argentina's inflation in the 1980s.
  • Those experiences shaped his approach to public policy and energy work.
INSIGHT

Political Consensus Makes Long-Term Credible

  • Political consensus enabled long-term planning that typical markets lack.
  • Unanimous legislative support made multi-year renewable targets credible to investors.
ADVICE

Use A Three-Step Guarantee Waterfall

  • Structure layered guarantees to reduce payment and currency risk for foreign investors.
  • Use liquidity, sovereign backing, and multilateral early-termination guarantees to enable project finance.
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