The Christmas holiday is a great time to be in Buenos Aires: Papa Noel sightings, colorful holiday decorations and gallerias packed with last-minute shoppers. And while the sights and sounds are memorable, it’s usually the smells that leave the most lasting impression on first-timers and foreign visitors. No matter where you are, the smoldering remnants from millions of lit fireworks on Christmas Eve and the more pleasant aromas of assorted meats grilling in backyard parrillas confirm two important things: 1.) Argentines love a good party, and 2.) There’s no shortage of stiff breezes in BA. The frequency and velocity of winds in Buenos Aires province and other regions of Argentina are the subject of John Kennedy’s column in Renewable Energy World.com. Kennedy says there is “massive potential” for wind energy generation in Argentina; “yet wind only contributes a minuscule 0.21% to the energy mix, with a total of 30 MW installed.” This is a missed opportunity considering average annual wind speeds in many parts of the country—including Buenos Aires province—are up in the 20-30 mile-per-hour range. While some anti-wind government barriers were enacted over the past decade, officials are beginning to take a more pro-wind posture: a new, more ambitious target aims for 8% wind contribution to the energy mix by 2016. Kennedy suggests keeping an eye on three private sector players all involved with wind farms and turbines in various stages of development: NRG Patagonia, IMPSA Wind and INVAP. (Full article)
Representatives of the International Gas Union and the world’s largest natural gas companies are in Buenos Aires this week for the 24th Annual World Gas Conference (WGC), the most important event in the gas industry. This year’s event marks the first time the WGC has been held in the Southern Hemisphere and in a developing country like Argentina. The theme this year, “The Global Energy Challenge: Reviewing the Strategies of Natural Gas,” reflects the emerging role natural gas is playing in the global energy mix. The 2009 WGC represents the culmination of a three-year Triennium during which regional and corporate members focused on the gas industry’s current challenges and developed a long-term Outlook to 2030. The industry’s challenges, including a 50% decline in prices compared to a year ago, are highlighted in today’s Wall Street Journal. For a PDF download of the IGU’s 2006-2009 Strategic Report, click here.
California-based CTI Technology (CVAT.OB) today announced a long-term agreement with Biocombustibles y Energias Alternativas (ALSBIO) to develop projects in Argentina and other parts of Latin America. According to the announcement, ALS had already partnered with DOW Chemical and identified several projects where CTI technology could dramatically improve yields and profitability. CTI CEO Roman Gordon said, “We are very pleased to be working with ALS and DOW on these projects and expect that there is a bright future for the combination of our technologies in Argentina as well as the rest of the world where older outdated technologies have been installed.” Argentina is one of the world’s largest exporters of biofuels, and CTI was recently chosen one of the “50 Hottest Companies in Bioenergy“ by the leading industry publication, Biofuels Digest.Avenida 9 de Julio in Buenos Aires
In short, the business and political climates are positive for foreign investors considering expanding a business, exporting goods, finding a supplier, or buying real estate in Buenos Aires. Going forward, InvestBA will serve as a window to some of these opportunities, so please enjoy and e-mail us if you are looking for specific information regarding Buenos Aires and investment opportunities in this incredibly beautiful and thoroughly livable metropolis.







