Latin America is poised to become one of the world's largest producers of renewable energy, with almost one billion solar panels' worth of large-scale clean-electricity projects slated to come online in the next seven years across the region, the report says.
GEM, a US-based non-profit organisation which tracks clean-energy development, states: "Rich in wind and solar resources, Latin America has the potential to be a global leader for renewable energy".
Together with existing distributed and smaller-scale solar capacity, Latin America will be on track to meet, and potentially surpass, the International Energy Agency’s (IEA) 2030 regional net-zero renewable energy goals if it implements all of its prospective larger-scale projects.
GEM's report - 'A Race to the Top' - tracks the utility-scale buildout of wind and solar across the whole Latin American region, from Mexico to Argentina, mapping the growth trends seen in each country since...