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"BUENOS AIRES (MarketWatch) — On the flat, shrubby coast of Patagonia, a wind farm is starting to pump power to the national grid. It’s one of the first in Argentina and a sign of investor interest in the country’s natural resources.

Alejandro Ivanissevich, president of Buenos Aires-based power company Emgasud, is building the 50 MW wind power park in southern Argentina as part of a $1.4 billion investment in renewable energy in a country that many executives have steered clear of since a devastating 2001-02 economic crisis.

“I don’t see uncertainty,” he said in a recent interview discussing the sometimes uncertain investing climate in Argentina. “I see opportunities.”

After eight years of strong economic growth spurred by government policies, Argentina is again facing pressures from a global economic slowdown and calls for austerity to calm high inflation. The government is determined to avoid another slump by persisting with pro-growth measures and now a greater effort to attract more foreign investment.

The investment is starting to come — but with limits."

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