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According to the latest data from Bloomberg New Energy Finance, renewable energy investment in Latin America reached a record high of $18.
1 billion in 2019, up 54%
year-on-year.
Latin America's growth is mainly due to the fact that Brazil and Chile have increased investment in renewable energy and electricity in the coming years and corresponding support policies have attracted investors
.
In terms of renewable energy types, wind power is the most popular renewable energy generation technology in Latin America, with a cumulative investment absorption of US$8.
9 billion in 2019, an increase of 87% year-on-year, followed by solar power generation, with a cumulative absorption of US$8.
1 billion, an increase of 31%
year-on-year.
Specifically, Brazilian renewable energy investment reached $6.
5 billion in 2019, up 74% year-on-year, making it the largest renewable energy investment market
in Latin America.
It was followed by Chile, which absorbed investment of $4.
3 billion, of which solar power accounted for 79%, surpassing Mexico with $4.
3 billion
.
In fourth place is Argentina, which absorbed $2 billion in investment, even though its domestic economy began to fall into crisis
in mid-2018.
Overall, Brazil, Mexico, Chile and Argentina are the region's top four renewable energy markets, accounting for 98%
of total renewable energy investment in the region.
According to the latest data from Bloomberg New Energy Finance, renewable energy investment in Latin America reached a record high of $18.
1 billion in 2019, up 54%
year-on-year.
Latin America's growth is mainly due to the fact that Brazil and Chile have increased investment in renewable energy and electricity in the coming years and corresponding support policies have attracted investors
.
In terms of renewable energy types, wind power is the most popular renewable energy generation technology in Latin America, with a cumulative investment absorption of US$8.
9 billion in 2019, an increase of 87% year-on-year, followed by solar power generation, with a cumulative absorption of US$8.
1 billion, an increase of 31%
year-on-year.
Specifically, Brazilian renewable energy investment reached $6.
5 billion in 2019, up 74% year-on-year, making it the largest renewable energy investment market
in Latin America.
It was followed by Chile, which absorbed investment of $4.
3 billion, of which solar power accounted for 79%, surpassing Mexico with $4.
3 billion
.
In fourth place is Argentina, which absorbed $2 billion in investment, even though its domestic economy began to fall into crisis
in mid-2018.
Overall, Brazil, Mexico, Chile and Argentina are the region's top four renewable energy markets, accounting for 98%
of total renewable energy investment in the region.
