Climatescope's ranking of the most attractive markets for renewable energy projects investment. Chile, Colombia, Brazil, Peru and Dominican Republic are the most attractive countries for renewable energy investment in Latin America, according to the Climatescope survey. In fact, the top four nations in the region are among the top 20 most attractive markets for clean energy investment overall. One factor in common is that all of them have well established and effective policies, in addition to structured power sectors open for private investors. Latin America expects to install 3.6GW of wind and 13GW of solar capacity by 2025, according to BNEF’s 1H 2022 Latin America Market Outlook. Brazil is expected to install 57% of the total wind and solar capacity, while Chile and Colombia are expected to account for 10% and 5%, respectively, of the region’s projected new wind and solar. Colombia and Peru increased their clean energy installed capacity by 36% and 20%, respectively, from 2018 to 2021. They are also expecting to hold new auctions in coming years. On the other hand, Latin America accounted for only 6% of the global clean energy investment in 2021, at $12.9 billion. Investment in the region is highly concentrated with the top five nations accounting for 93% of the total.
Climatescope by Bloomberg - Results