Renewable energy market analysis: Latin America
Latin America hosts some of the world’s most dynamic renewable energy markets, with more than a quarter of primary energy coming from renewables, twice the global average. In addition to the historical role of hydropower and pioneering moves with biofuels, countries in the region are significantly scaling up other renewable energy sources, such as wind, solar and biomass-based electricity. Brazil, Chile and Mexico ranked amongst the top ten global renewable energy markets in terms of investment in 2015, and several countries in the region, like Costa Rica, Uruguay and Paraguay, generate virtually all electricity through renewables. Renewable Energy Market Analysis: Latin America offers a comprehensive review of the status and trends in the region’s renewable energy development. The report, prepared by the International Renewable Energy Agency (IRENA), highlights Latin America’s wealth of knowledge, draws key lessons, and outlines findings to support the continued expansion of renewables for power generation, transport and other end-uses.