Chile and Other Latin American Nations Ramping Up Clean Energy Efforts, Says Infiniti Research

Infiniti Research offers a variety of power and clean energy market intelligence solutions. (Graphic: Business Wire)

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LONDON--()--An increasing number of countries are adopting renewable energy sources such as wind power, and not all of them are developed nations. While countries such as Denmark and other European nations are making significant progress in this area, Infiniti Research observes that renewables have become a global focus. For example, Latin American countries are expected to install over 47 gigawatts in new wind capacity over the next decade, with Chile, Mexico, and Argentina moving into the market as Brazil’s efforts slow.

Market developments

While Brazil has been dominating the Latin American wind power market in recent years, the country is expected to significantly slow down new capacity additions in 2019 due to political and economic instability. Mexico has a 35% renewable energy target and is conducting long-term power auctions to support this. Argentina has a target of 20% renewables by 2025, while Chile is aiming for 70% by 2050.

Chile has implemented new regulations around the use of state land for the development of renewable energy projects. They will make it easier to use public land for renewables building projects, with that land already home to 77% of solar energy plants and 23% of wind plants in the country. Chile has also become the first Latin American country to exceed 1 gigawatt of installed solar capacity, with its desert sun providing an excellent source of energy. While 70% renewables may be an ambitious goal, the country is already making great strides towards it.

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How can Infiniti Research Help?

With an increasing number of developing nations building their capacities for renewable energy, demand for supplies and services in this sector is on the rise. Market intelligence can help you track new opportunities and evaluate emerging markets, allowing you to be well informed and confident when entering a new region or developing a new product.

One of Infiniti’s recent clients was seeking a better understanding of the market and competitive landscape for wind turbine power electronics systems. Infiniti performed an assessment to determine the market’s size and trends, as well as the products of key competitors. Infiniti also analyzed the key success factors for achieving a better market position, helping the client to realign their business strategy and become more competitive.

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About Infiniti Research

Established in 2003, Infiniti Research is a leading market intelligence company providing smart solutions to address your business challenges. Infiniti Research studies markets in more than 100 countries to help analyze competitive activity, see beyond market disruptions, and develop intelligent business strategies.

With 13 years of experience and offices across three continents, Infiniti Research has been instrumental in providing a complete range of competitive intelligence, strategy, and research services for over 550 companies across the globe.

Contacts

Infiniti Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.infinitiresearch.com
Contact Us

Release Summary

Infiniti Research analyzes the renewable energy market in Latin America.

Contacts

Infiniti Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.infinitiresearch.com
Contact Us