Latin American Renewable Energy Markets

Owing to the rapid advancement in economic growth attributed to various factors and an ever-increasing population, the demand for electricity has been increasing at a rapid pace. To meet this demand, considerable amount of capacity needs to be installed throughout the region. Primarily, installations of hydro and fossil fuel-based power plants are likely to be widely employed as approximately 58 percent of Latin American power generation is hydroelectric-based and 38 percent is thermoelectric-based.