Infiniti Research in the News: Chile and other countries in Latin America pressing ahead with renewable energy sources

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Infiniti Research in the News: Chile and other countries in Latin America pressing ahead with renewable energy sources

Infiniti Research is a leading market intelligence company with a global presence and provides smart solutions to address your business challenges. Our team of industry experts deliver high-quality support to help you maximize your presence in the global market. We study markets in more than 100 countries to help you analyze competitive activity, see beyond market disruptions, and develop intelligent business strategies.

Market Business News mentions Infiniti Research in their June 11th article

 

“Chile, along with other Latin American countries, is pressing ahead with ambitious plans to shift its electricity supply away from fossil fuels toward greater use of renewable energy sources.

So concludes a new report from Infiniti Research that suggests, for example, that Latin America is expected to install over 47 gigawatts of new capacity in wind energy over the next 10 years.

Until recently, Brazil was the dominant player in Latin America’s wind power market, but political and economic instability will likely weaken its efforts to install new capacity in 2019, the report predicts.

Consequently, Brazil’s lead in the market is likely to be overtaken by Chile, Argentina, and Mexico – all three of which have declared ambitious targets to raise use of renewable energy sources.

Mexico and Argentina

Mexico’s renewable energy market is shaped by climate change legislation published in 2012 that declared that the Central American country was raising the proportion of electricity generated from renewable energy sources – including nuclear power – to 35 percent by 2024 and 50 percent by 2050.

Also, in 2014, Mexico passed a package of new laws to reform the energy market and open it up to private investment. Although it is aimed primarily at oil and gas, the move is also expected to open up foreign interest in Mexico’s renewables market.”

Market Business News: Chile and other countries in Latin America pressing ahead with renewable energy sources

 

Read our complete case study named market and competitive intelligence study on power electronics for wind turbines