Latin America poised to become renewable energy giant
11-03-2023 17:36
Report found that with upcoming large-scale clean-electricity projects in the next seven years Latin America is poised to become a major renewable energy producer.
Latin America is poised to become a major renewable energy producer, with nearly a billion solar panels' worth of large-scale clean-electricity projects slated to come online in the next seven years, a report found Thursday.
In welcome good news for the climate-change race, researchers said Latin American countries had more than 319 gigawatts of utility-scale solar- and wind-power projects due to be launched by 2030 equal to nearly 70 percent of the region's total current electrical capacity from all sources combined.
"Rich in wind and solar resources, Latin America has the potential to be a global leader for renewable energy," said the report by the Global Energy Monitor (GEM), a US-based non-profit that tracks clean-energy development.
The new projects which include planned installations and those already under construction would expand Latin America's current utility-scale solar- and wind-power capacity by more than 460 percent, it found.
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