Renewable Energy in Latin America
Latin America is rich in natural resources including hydrocarbon, hydroelectricity and biofuels. From Mexico to Chile, countries in the region are producing clean energy. However, according a 2013 Inter-American Development Bank study, the region still has a long way to go, even though investments in renewable energy are increasing. Other studies suggests that Latin America has all the resources needed to be completely depended on clean energy, but governments undermine renewable energy efforts to increase oil, coal, and natural gas exports.
Solar Energy In Mexico
An increase in solar energy investments in Mexico has placed the country on track to becoming a solar energy powerhouse. As of April 2015, there were over 600 solar power companies in Mexico, a significant increase from the 46 solar power companies in 2010. Energy Partners Latin America will build 150MW solar plants in Baja California, Mexico with a USD $279 million investment.
