Chile and Other Latin American Nations Ramping Up Clean Energy Efforts, Says Infiniti Research
LONDON–(BUSINESS WIRE)–#Chile–An increasing number of countries are adopting renewable energy sources
such as wind power, and not all of them are developed nations. While
countries such as Denmark and other European nations are making
significant progress in this area, Infiniti
Research observes that renewables have become a global focus.
For example, Latin American countries are expected to install over 47
gigawatts in new wind capacity over the next decade, with Chile, Mexico,
and Argentina moving into the market as Brazil’s efforts slow.
While Brazil has been dominating the Latin American wind power market in
recent years, the country is expected to significantly slow down new
capacity additions in 2019 due to political and economic instability.
Mexico has a 35% renewable energy target and is conducting long-term
power auctions to support this. Argentina has a target of 20% renewables
by 2025, while Chile is aiming for 70% by 2050.
Chile has implemented new regulations around the use of state land for
the development of renewable
energy projects. They will make it easier to use public land for
renewables building projects, with that land already home to 77% of
solar energy plants and 23% of wind plants in the country. Chile has
also become the first Latin American country to exceed 1 gigawatt of
installed solar capacity, with its desert sun providing an excellent
source of energy. While 70% renewables may be an ambitious goal, the
country is already making great strides towards it.
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capacities for renewable energy, demand for supplies and services in
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