Argentina Bi-facial Solar Market Overview, 2031

Market Insights on Argentina Bi-facial Solar Market

• Argentina's bifacial solar market has experienced unprecedented growth, with the Compañía Administradora del Mercado Mayorista Eléctrico (CAMMESA) reporting that the country added approximately 810 MW of new solar PV capacity in 2025, bringing total installed PV capacity to 2,483 MW. This represents a dramatic acceleration from the 307 MW added in 2024, reflecting the transformative impact of recent regulatory reforms.
• According to the research report, "Argentina Bi-facial Solar Market Overview, 2031," published by Bonafide Research, the Argentina Bi-facial Solar market is anticipated to add USD 105.37 Million by 2026–31. Solar capacity is now concentrated in the Cuyo region (Mendoza and San Juan) with 1,095 MW, and the Northwest region (NOA) with 869 MW. The market's evolution has been propelled by the July 2025 publication of Decrees 450, 451, and 452, which introduced fundamental changes to Argentina's energy framework, including liberalization of the electricity market and new direct commercialization opportunities for photovoltaic projects.
• The Renewable Energy Term Market (MATER) has emerged as a critical driver, enabling large industrial users to secure clean energy through private power purchase agreements. The government's RIGI (Régimen de Incentivo para Grandes Inversiones) framework has attracted substantial investment, with the El Quemado Solar Park becoming the first project approved under this regime with a total investment of US$211.6 million. Bifacial technology has become the standard specification for new utility-scale projects across the country.

Competitive Landscape of Argentina Bi-facial Solar Market

• YPF Luz, the energy subsidiary of Argentina's state-owned oil company, achieved a significant milestone by initiating commercial operation of the first 100 MW of the El Quemado solar park in Mendoza on December 23, 2025, making it the largest photovoltaic project in the country and the first to operate under the RIGI framework. The project features 511,000 bifacial photovoltaic panels distributed across more than 600 hectares with an estimated capacity factor of 31.4%, representing a US$210 million investment. The remaining capacity will reach 305 MW by the first half of 2026.
• Genneia has emerged as the dominant private developer, commissioning the 180 MW Anchoris Solar Farm on August 5, 2025, featuring 360,000 bifacial modules that capture direct sunlight and ground reflection, increasing energy generation by up to 10%. The US$160 million project supplies energy to large industrial users through the MATER framework. Genneia also achieved full commercial operation of the 180 MW San Rafael solar park, featuring 400,000 bifacial panels across 500 hectares with an annual production exceeding 500,000 MWh. The company has invested over US$430 million in Mendoza alone, with three operational solar assets totaling 450 MW.
• Genneia has also proposed the 404 MW Mendoza Sur project, which would become Argentina's largest solar park with 919,072 bifacial modules, 1,492 inverters, and 16,412 solar trackers. Entry barriers include navigating the complex regulatory transition and securing MATER contracts for private off-takers. Consumer behavior shows clear preference for bifacial technology in utility-scale applications.

Argentina Market Dynamics

Driver: RIGI Framework and Large-Scale Investment Incentives
Argentina's bifacial solar market is driven by the RIGI (Régimen de Incentivo para Grandes Inversiones) framework, which provides fiscal stability and investment protections for large-scale projects exceeding US$200 million. The El Quemado Solar Park became the first project approved under this regime, with US$117.5 million allocated to local suppliers and a commitment to reach the minimum investment threshold by January 2027. The framework's success has attracted additional project proposals, with the Mendoza Sur project representing the next wave of RIGI-enabled development.

Challenge: Grid Connection and Regional Concentration
Argentina's bifacial solar market confronts significant challenges related to grid connection constraints and geographic concentration. Solar capacity is heavily concentrated in the Cuyo and Northwest regions, with limited penetration in other areas. The Comahue region has only 10 MW of solar capacity, while the Litoral region accounts for just 1 MW. Grid infrastructure development has not kept pace with the rapid expansion of renewable generation, creating connection bottlenecks for new projects.

Trend: MATER Framework and Corporate Renewable Procurement
Argentina's bifacial solar market is witnessing a transformative trend toward corporate renewable energy procurement through the MATER (Mercado a Término de Energías Renovables) framework. The Anchoris Solar Farm supplies energy to large industrial users under MATER contracts. The San Rafael project dedicates its entire 180 MW output to industrial and mining sectors through MATER. This trend is enabling corporate off-takers to secure long-term renewable energy supplies while providing developers with bankable revenue streams.

Segment Analysis

Argentina Bi-facial Solar Market by Type
• Dual-glass bifacial modules have become the standard architecture in Argentina's utility-scale market, with El Quemado's 511,000 bifacial panels and Anchoris's 360,000 modules featuring this construction. The dual-glass design provides superior protection against environmental degradation and maximizes rear-side light capture. San Rafael's 400,000 bifacial panels utilize this technology. The Mendoza Sur project's 919,072 bifacial modules will further cement dual-glass dominance. The technology's enhanced durability makes it particularly suitable for Argentina's diverse climate conditions.
• Glass-backsheet bifacial modules serve commercial and industrial rooftop applications where weight constraints are a consideration. The segment benefits from Argentina's distributed generation growth, though comprehensive data on glass-backsheet adoption remains limited compared to utility-scale deployments. The technology continues to evolve with manufacturers developing improved backsheet materials for enhanced rear-side light capture.

Argentina Bi-facial Solar Market by Cell Technology
• Passivated Emitter and Rear Contact bifacial technology maintains a significant presence in Argentina's market, with established manufacturing processes and proven reliability making it attractive for project developers seeking bankable technology. The technology's predictable performance characteristics make it suitable for Argentina's diverse climate conditions. PERC bifacial cells benefit from mature supply chains enabling rapid deployment across utility-scale applications. The technology's established position continues to support Argentina's renewable energy expansion.
• Tunnel Oxide Passivated Contact technology has emerged as a next-generation architecture gaining traction in Argentina's bifacial market, with modules achieving conversion efficiencies exceeding 24% and bifacial gains surpassing 85%. Industry projections indicate n-type modules including TOPCon are expected to reach 50% to 60% market share by 2030. The technology's advanced passivated contact structure reduces recombination losses and improves temperature coefficient performance. Argentina's major projects increasingly specify TOPCon technology for new developments.
• Heterojunction technology is establishing a growing presence in Argentina's bifacial market, with modules featuring double-sided microcrystalline technology achieving conversion efficiencies of 23.7%. HJT's superior temperature coefficient and bifaciality characteristics make it attractive for Argentina's diverse climate conditions. The technology's open patent system provides expansion opportunities in the Argentine market. HJT's ability to deliver high performance in low-irradiance conditions aligns well with Argentina's solar resource profile.
• Emerging cell technologies continue to evolve in Argentina's research landscape, with the energy ministry supporting innovation through regulatory frameworks. Argentine research institutions are exploring perovskite and tandem architectures. The MATER framework provides pathways for emerging technologies to achieve commercial deployment as they demonstrate bankable performance. Argentina's growing solar market creates opportunities for technology diversification.

Argentina Bi-facial Solar Market by End-User
• The utility-scale segment represents the dominant end-user market for bifacial solar technology in Argentina, with 2,483 MW of total installed PV capacity as of 2025. Major projects include El Quemado's 305 MW, Anchoris's 180 MW, San Rafael's 180 MW, and the proposed 404 MW Mendoza Sur project. The RIGI framework has accelerated utility-scale development, with at least 510 MW connected in 2025. CAMMESA data confirms solar capacity is concentrated in Cuyo and Northwest regions.
• The commercial and industrial segment represents a growing application for bifacial technology, with the MATER framework enabling large industrial users to secure renewable energy. Anchoris supplies energy to large industrial consumers under MATER contracts. San Rafael's entire 180 MW output is dedicated to industrial and mining sectors. The segment benefits from Argentina's energy market liberalization, with Decrees 450, 451, and 452 enabling new direct commercialization opportunities. The C&I segment continues expanding as corporate renewable procurement accelerates.
• The residential segment represents an emerging application for bifacial technology in Argentina, though typical rooftop installations provide limited bifacial gain compared to ground-mounted systems. The Secretariat of Energy's Resolution 306/2025 aims to optimize distributed generation policy management. Distributed generation continues growing across Argentina, supported by net metering frameworks. The residential segment benefits from Argentina's high solar irradiation levels.


Considered in this report
• Historic Year: 2020
• Base year: 2025
• Estimated year: 2026
• Forecast year: 2031

Aspects covered in this report
• Bi-facial Solar Market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Type
• Dual-Glass Bifacial Solar
• Glass-Backsheet Bifacial Solar

By Cell Technology
• PERC
• TOPCon
• HJT
• Others

By End-User
• Utility-Scale
• Commercial & Industrial
• Residential