- Latin American renewables investment reached $18.1 billion
- Brazil, Chile were the leading markets to attract investment
Latin America’s clean energy investment rebounded last year – increasing 54% on 2018 levels to hit $18.1 billion. The pickup was mostly led by Brazil and Chile to finance power capacity additions in the coming years. Wind energy made a comeback, attracting $8.9 billion of investment (up 87% on 2018 levels), while the solar industry received 31% more investment than the previous year at $8.1 billion.
Interest in Brazil bounced back last year, with the country receiving $6.5 billion in investment – 74% more than in 2018. Chile attracted record investment – up four-fold on the previous year. The country was the second-largest market in the region in 2019; overtaking Mexico, which attracted some $4.3 billion, 79% of which for solar. Investment in Argentina reached $2 billion, despite its economic crisis since mid-2018.
Brazil, Mexico, Chile and Argentina are the largest clean energy markets in the region and accounted for 98% of investment in 2019, according to BNEF. Investment in the sector is mostly led by auctions.
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