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Follow on Google News | South American Renewable Energy Market, Installed Capacity by Energy Sources, 2000-2020GBI Research, the leading business intelligence provider, has released its latest research, South American Renewable Energy Market to 2020: Favorable Policies and Regulations drive growth in the Region provides key data,
By: reports-research.com The report is built using data and information sourced from proprietary databases, primary and secondary research, and in house analysis by GBI Research’s team of industry experts. Favorable Policies and Legislations Drive Renewable Energy Market in South America Currently, government policies and renewable energy legislation play a vital role in the development of renewable energy sources. Countries in the South American region are aware of this and have enacted favorable policies to encourage investment in non-conventional energy sources such as wind, solar and biomass. Of the top 5 countries discussed in this report, Argentina, Brazil, Chile and Colombia have formulated legislation to promote renewable energy development. Argentina and Chile have set Renewable Portfolio Standards (RPS) type of targets for the implementation of renewable energy sources. In addition to this, a number of governments also provide indirect subsidies and tax credits to promote renewable energy. These policies and support will help South American countries to achieve rapid growth in renewable energy, as the existing programs and legislations bring significant installed capacity to the market. Financial Support by International Banks will Aid Renewable Energy Growth in the region According to the Economic Commission for Latin America and the Caribbean (ECLAC), countries in the Latin American and Caribbean region would require an investment of $572 billion in the electricity sector between 2007 and 2030 to meet the energy demand. According to the United Nations Framework for Climate Change (UNFCC), more than 85% of the energy investment in this region will come from the private sector. International Banks including the Inter-American Development Bank (IDB) are financing various power generation projects in this region. Since 2000, the IDB has financed more than $2.1 billion in renewable energy projects in the region, including hydro, wind and geothermal projects. The focus is to develop sustainable energy for the longer term through renewable energy sources. The banks also provide financial support for technical assistance programs for sustainable energy and energy efficiency. Clean Development Mechanism (CDM) Projects Increase Renewable Energy Investment in the Region The Clean Development Mechanism is an arrangement under the Kyoto Protocol allowing developed countries to invest in projects that reduce green house gas emissions in the developing countries. The mechanism, which became operational in 2006, has been one of the key reasons for the renewable energy investment in the South American region. Of the total 2127 projects that were registered up to April 2010, 461 of them were registered for development in the Latin American region. More than 60% of the total projects relate to the energy segment, especially, the renewable energy sources. A combination of small hydro, solar, wind and biomass contributes to the majority of this investment. These projects are expected to increase the renewable energy investment in the region. Environmental Protection, Increased Adoption of Renewable Energy and Other Benefits Developed countries promote the use of renewable energy as a way to ease global environmental issues arising from the emission of green house gases. With the depletion of fossil fuel resources, renewable energy has become the ideal solution to meet the long term energy needs. The price parity of wind energy generation over conventional energy sources is likely to favor increased adoption of wind energy development. In addition to this, the adoption of renewable energy brings various benefits such as the creation of jobs and the revitalization of small and medium size industries. These reasons will play a vital role for renewable energy development in the South American region. Renewable Energy Contribution in the Overall Energy Mix is Set to Increase in the Top Five Countries in the South American Region The major part of power generation in the South American region is from renewable sources, especially hydro power. In the top 5 countries considered for this research, 63.45% of installed capacity is from hydro power, while 32.17% is contributed by the conventional thermal power. Nuclear and biomass represents about 1.43% and 2.43% respectively, while the non-conventional renewable energy sources such as wind and solar represented less than 0.5% of the total energy mix. The electricity production through hydro power and thermal power had increased significantly over the last decade. Both these energy sources are expected to show moderate growth over the forecast period. With increasing legislative and financial support for renewable energy sources, the share of renewable energy is expected to increase and hence, experience robust growth over the forecast period, especially in Brazil, Argentina and Chile. Power generation from Biomass, Solar and Geothermal is also expected to show moderate growth over the forecast period. GBI: South American Renewable Energy Markets to 2020: Favorable Policies and Regulations Drive Growth in the Region: http://www.reports- GBI: More market data and market reports: http://www.reports- # # # markt-studie.de, founded in 2002 has emerged as a leading online portal for market surveys and market research in German speaking areas. Four years later the English language portal reports-research.com was introduced due to the extraordinary success of the portal. Again one year later estudio-mercado.es - the Spanish spoken portal - was founded. The objective of the three portals is to competently and efficiently support consultants and decision makers in management, sales and marketing in the search for worldwide market research. Prospective buyers can look into more than 60,000 market surveys from more than 200 international publishers, current market data for more than 6,000 branches worldwide, 10,000 company profiles as well as a free-of-charge research and recommendation service for individual market research. End
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