Surge in renewable energy forecast for Latin America

Latin America will experience rapid renewable-energy growth through 2020, with Brazil, Mexico and Chile leading the way, according to an international trade group’s report. Escalating oil prices, low interest rates and falling costs in renewable-energy technology will spur brisk escalation in the use of alternative power throughout the region, says the report, written for the New York-based International Copper Association (ICA). But the progress will not be even. For instance, Brazil, Mexico and Chile already have numerous regulatory and financial incentives in place to support such growth, especially in wind and biomass, while Venezuela lags in that respect. The report, entitled “Renewable Energy for Electricity Generation in Latin America: market, technologies and outlook,” was released in April though it was prepared last... [Log in to read more]

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