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Despite the importance of hydropower, wind and solar energy in Latin America have grown faster
over the past year.
At present, Latin America has become the second most popular investment destination
for renewable energy projects such as solar and wind power.
According to fDi Markets, Latin America reached record levels of FDI in renewable energy in the first 10 months in 2019, with 97 projects receiving a cumulative FDI of US$17.
8 billion, a significant increase
compared to the 2013 average.
Led by Brazil, Chile and Mexico, Latin America is seeing unprecedented growth in foreign investment in the renewable energy market
.
For the first time, Latin America is the second largest region in the world to attract foreign investment in renewable energy in terms of capital expenditure and number of projects, after Europe and even ahead of Asia
.
Although more than 95% of Costa Rica's electricity comes from renewable sources, several large Latin American countries still attract the largest share of investment
.
In fact, according to fDi Markets, Brazil, Chile and Mexico rank in the top five
in terms of the number of projects since January 2019, along with Spain and the United States, in terms of global renewable energy investment.
In Latin America, Brazil performed best, accounting for 40% of all foreign investment projects in renewable energy this year, followed by Chile (29%), Mexico (15%) and Colombia (6%), with capital flows showing a similar hierarchy
.
Despite the importance of hydropower, wind and solar energy in Latin America have grown faster
over the past year.
At present, Latin America has become the second most popular investment destination
for renewable energy projects such as solar and wind power.
According to fDi Markets, Latin America reached record levels of FDI in renewable energy in the first 10 months in 2019, with 97 projects receiving a cumulative FDI of US$17.
8 billion, a significant increase
compared to the 2013 average.
Led by Brazil, Chile and Mexico, Latin America is seeing unprecedented growth in foreign investment in the renewable energy market
.
For the first time, Latin America is the second largest region in the world to attract foreign investment in renewable energy in terms of capital expenditure and number of projects, after Europe and even ahead of Asia
.
Although more than 95% of Costa Rica's electricity comes from renewable sources, several large Latin American countries still attract the largest share of investment
.
In fact, according to fDi Markets, Brazil, Chile and Mexico rank in the top five
in terms of the number of projects since January 2019, along with Spain and the United States, in terms of global renewable energy investment.
In Latin America, Brazil performed best, accounting for 40% of all foreign investment projects in renewable energy this year, followed by Chile (29%), Mexico (15%) and Colombia (6%), with capital flows showing a similar hierarchy
.
