Renewable energy Growth in Latin America

Latin America is growing and hungry for energy, but depends on fossil fuels for 37 percent of its energy mix. Renewable energy can contribute to sustainable development and low carbon, with EGP lending a hand.

Latin America is growing in every sense: its population is increasing rapidly, businesses are developing and quality of life is improving, but with that also comes increasing imbalances and unknowns. Energy and electricity are part of a path which in a number of different ways will affect the entire subcontinent, from Tierra del Fuego to the Caribbean.

According to a recent study by the Inter-American Development Bank (Bis), by 2030 Latin America will double its current installed energy production capacity, bringing it up to 600 gigawatts, at a cost of around $430billion for the construction of new plants.