WASHINGTON, Nov 24, CMC – A new study has shown that Latin America and the Caribbean boasts higher clean energy penetration than any other region assessed.
“As of year-end 2014, 11 per cent of the 352 GW (gigawatts) installed there is from biomass, wind, small hydro, solar, and geothermal projects. When large hydro plants are included, over half (56 per cent) of the region’s power comes from non-CO2-emitting sources,” the study found.
The study funded by the Inter-American Development Bank’s Multilateral Investment Fund and Bloomberg New Energy Finance, found that in several countries in Latin America and the Caribbean, wind and solar projects have reached “grid parity,” meaning they are the best, lowest-cost option for new power generation.
The Climatescope study showed 2014 clean energy activity mainly occurred in developing countries, led by China, Brazil and Chile.
Climatescope provides potential investors with important information on countries with the greatest clean energy investment opportunities.
Developing nations attracted more clean energy power generation investment in 2014 than ever, according to Climatescope 2015, a country-by-country assessment, interactive report, and index of clean energy activity in 55 emerging markets in Latin America and the Caribbean, Africa, and Asia.Climatescope, found that new investment in clean energy capacity in the […]