Latin America is currently the main investor in renewable energy plants and it is expected to build farms totalling 10GW of energy in Chile, Argentina, Mexico and Colombia over the next five years.
The figure of 10GW refers to projects averaging 100MW, though there are many much smaller projects of between 2-3MW which are difficult to quantify.
A year ago, Law 27.191 was passed in Argentina stipulating that as of 31st December 2017 renewable energy shall contribute up to 8% of national electricity needs, and that this figure should rise to 20% by 31st December 2025.
Furthermore, any consumer using more than 300KW shall be obliged to generate 8% of the power they use by means of renewable energy. This implies the construction of 2.6GW in small projects in the sector. In 2016, there were two invitations to tender for a total of approximately 2GW. These projects should be constructed and up and running by the end of 2017 or early 2018.
Mexico also predicts growth in the sector. Current figures show that only 1% of Mexico’s energy is renewable. However, it plans to increase this figure to 20% in 2018 and to 35% in 2024.
Colombia currently has few farms under construction and those that are under construction are small, however the country does offer potential for the future.
As can be seen in the picture, the main suppliers of materials and the largest builders of renewable energy plants are often located on different continents.
China, Germany, the United States and Spain are among the main material manufacturers, in addition to other EU countries, such as France and Italy.
Chile was one of the renewable energy pioneers in Latin America, leading the boom in terms of developing wind and solar farms. It continues to be committed to renewable energy with both large and small projects planned from now until 2019.
TIBA is an efficient logistics operator for the renewable energy industry. We have offices on four continents, with Betalink branches in the USA and China, and TIBA branches in countries such as Spain, Mexico, Argentina, Chile, Panama, Guatemala, El Salvador, Portugal, Mozambique and Angola. We have an extensive network of specialist agents allowing us to offer a comprehensive end-to-end service.