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.
It should be noted that Latin America is today the main investor of renewable energy facilities and its construction forecasts in a period of five years are 10GW in Chile, Argentina, Mexico and Colombia, which means that we can expect projects of 100MW on average. Also, there is another large number very difficult to quantify of small projects from 2-3MW.
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.
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.
Argentine, Brazil and Chile are the renewable energy pioneers in Latin America. Chile leads 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 until 2019.
Los países pioneros en el desarrollo de parques de energías renovables destacan Argentina, Brasil y Chile, siendo chile el principal país productor de parque solares de Latinomérica.