Renewable Energy Sources development in Latin America and the US
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Energy security concerns and environmental issues are driving the transition towards renewable energy sources. Because of the large availability of resources and the pressing need for energy, the major countries in Latin America have pointed renewables as the best alternative to diversify their energy generation portfolio. Argentina, Brazil, Chile, Mexico and United States are countries that have supported the development of RES through policies, creating a framework to enhance the economic competitiveness against traditional sources. Nowadays, these countries are on the spotlight of internati...
Energy security concerns and environmental issues are driving the transition towards renewable energy sources. Because of the large availability of resources and the pressing need for energy, the major countries in Latin America have pointed renewables as the best alternative to diversify their energy generation portfolio. Argentina, Brazil, Chile, Mexico and United States are countries that have supported the development of RES through policies, creating a framework to enhance the economic competitiveness against traditional sources. Nowadays, these countries are on the spotlight of international RES investors and pointed among the most interesting RES markets for the industry. This work presents an overview of these technologies, a global market study and a focus on each country under study presenting the national electricity market, current policies and incentives for RES framework, and the potential for each technology. Finally, a comparative analysis among the Latin Americancountries and US, presents similarities and differences among those markets. Final focus on the opportunities that each country provides for local and foreigner investors.
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