EMIS: Eighth Edition
Welcome to the eighth installment of the EMIS Insights Monthly Newsletter – your ultimate source for the latest updates on industry trends and company developments within emerging markets.
In this edition, our Research Analyst Jose Antunez, explores the vibrant and growing landscape of Latin America's renewable energy sector. Latin America stands as a shining beacon within the global renewable power industry, boasting vast natural resources ripe for harnessing.
Furthermore, we present a curated selection of the most noteworthy news from emerging markets, meticulously handpicked by our editorial team.
Latin America’s Green Promise: Solar, Wind Capacity Could Rise 460% by 2030
By José Gervasio Antúnez , Research Analyst, Latin America
Latin America's potential capacity for non-conventional renewable sources is one of the highest in the world, thanks to the vast natural resources of its countries, such as the Sonora and Atacama deserts in Mexico and Chile, the strong winds of the Patagonia region in Argentina, and the massive coastline of Brazil. Besides, the region has a traditionally strong hydropower generation capacity, supported by its massive hydrographic basins such as the Amazonas in Brazil, Colombia, Peru and Venezuela, del Plata in Brazil, Argentina, Uruguay and Paraguay, and the Orinoco in Colombia and Venezuela.
According to data from IRENA, Brazil is the undisputed leader in the region in terms of renewable power installed capacity, with 175.3 GW as of the end of 2022, more than five times its closest competitor, Mexico, with 31.7 GW. Chile, one of the fastest-growing markets for non-conventional renewable power in the region, comes third with 17.9 GW, followed by Venezuela and Argentina, the latter two mainly due to their large hydropower generation sources. Colombia is sixth in terms of renewable power installed capacity with 13.4 GW.
As of the end of 2022, Latin America's renewable power capacity reached 341.4 GW, up by 6.7% y/y. The sector has enjoyed a supportive regulatory trend that started in the region around 2013-2014 and resulted in almost double the average growth rate of its installed capacity. Between 2013 and 2022, installed capacity in the Latin American region increased at a 6% CAGR, compared to a 3.1% CAGR achieved in the 2004-2013 period. Public auctions of long-term supply contracts, fiscal incentives, and clean energy mandates, among other measures, have been key to supporting the development of the sector in recent years.
领英推荐
Latin America Renewable Energy Insights
Brazil is the undisputed leader in Latin America in terms of renewable power capacity. According to the International Renewable Energy Agency (IRENA), Brazil ranked third globally in 2022 in terms of installed capacity in renewable energy sources, with 175,262 MW. This notable achievement is primarily attributable to Brazil's abundant hydrological resources. The country ended 2022 as the world's second-largest player in hydropower installed capacity, trailing only China.
Top Stories in Emerging Markets
Presenting our carefully curated selection of top stories, exclusively chosen by our editors:
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