Latin America Hit New Clean Energy Investment Record, 2019

This article first appeared on the BNEF mobile app and the Bloomberg Terminal.

  • 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.

Clients can find the full report ”Clean Energy Investment Trends, 2019″ on The Terminal or on web

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