The International Renewable Energy Agency says renewable generation capacity increased 8.3% during 2015, the highest annual growth rate yet.
Argentine President Mauricio Macri on Wednesday unveiled a national plan that aims to increase renewable energy use by 18 percent by 2025 and create between 5,000 and 8,000 jobs.
Uruguay, Brazil and Paraguay source most of their electricity needs from renewables, which is mostly hydroelectric power. In terms of solar, Chile is king.
These three Latin-American nations are paving the way for a better world
Since March 2014 the country's eolic and solar energy projects have increased a 108% and have the capacity of 4,051MW.
Energy will always be mankind’s central asset for growth
The world’s largest copper producer has struggled to keep up previous levels of extraction and this will inevitably restrict the growth of the sustainable energy sector.
Brazil, which boasts that it has one of the cleanest energy mixes in the world, is now plagued by corruption, poor market conditions, and bad decisions – a near fatal combination.
According to GTM Research, by 2018, Mexico and Brazil will generate 2 Gigawatts and 3.4 Gigawatts of solar PV, respectively.
So much of America’s future is at stake in the 2016 presidential election. But let’s focus for a moment on just one area — energy and the environment — where the Obama administration has made startling progress that could be reversed if either of the GOP front-runners becomes president.
Chile is aiming to produce 70% of its energy using renewable sources by 2050. This will provide European companies and investors with significant opportunities, says Santander’s Latin American Desk Head, Mauricio Munguia.
60% of its power will be coming from renewable energy sources.
The project which began in 2002 and has an estimated cost off $100 million is highlighting the importance of renewable sources of energy.
In 2016 the renewable energy future came closer as installing a new solar panel is cheaper than the comparable investment in coal, natural gas or other options.
Humanity has been used to transition from one source of energy to another, nowadays it is a matter of time for us to leave behind fossil fuels.
The transport sector is responsible for a quarter of energy related greenhouse gas emissions.
With 6,435 km of coast line the country has a 164 MW wave energy potential.
With 95% of their electricity coming from renewable sources Uruguay's green revolution is endangered by the percentage of green house gases produced because of their growing beef industry.
The World Bank has announced that it will provide a $480m guarantee to support the construction of large-scale renewable energy and solar projects across Argentina.