Clean energy investment in non-Brazil Latin America totaled $4.7 billion in 2012, a 127% increase from 2011, according to Bloomberg New Energy Finance, while total clean energy investment in Latin America, including Brazil, reached $9.7 billion. With the dramatic growth in investment in non-Brazil Latin America, the region was a leader in a year when global clean energy investment declined 11%. (More on global trends here.)
The most growth occurred in Mexico ($1.9 billion, up 595%), Chile ($1 billion, up 313%), Uruguay ($105 million, up 285%), and Peru ($643 million, up 176%). The investment totals include investments in energy generation technologies and biofuels.
The investment growth in non-Brazil Latin America was "driven by increased activity by the Inter-American Development Bank,” said Maria Gabriela da Rocha Oliveira, Head of Latin America Research and Analysis at BNEF, in an ACORE press release. “Additionally, European players, both project developers and manufacturers, have become more active in the region given grim conditions at home.”
Brazil, Latin America’s largest economy, attracted the most capital in the region, $5.17 billion, but this figure represents a significant decline from the $7.8 billion invested in Brazil in 2011. This decline is reportedly due in part to the funding disbursement cycles of the development banks that provide the majority of asset finance in the region.
The most growth occurred in Mexico ($1.9 billion, up 595%), Chile ($1 billion, up 313%), Uruguay ($105 million, up 285%), and Peru ($643 million, up 176%). The investment totals include investments in energy generation technologies and biofuels.
The investment growth in non-Brazil Latin America was "driven by increased activity by the Inter-American Development Bank,” said Maria Gabriela da Rocha Oliveira, Head of Latin America Research and Analysis at BNEF, in an ACORE press release. “Additionally, European players, both project developers and manufacturers, have become more active in the region given grim conditions at home.”
Brazil, Latin America’s largest economy, attracted the most capital in the region, $5.17 billion, but this figure represents a significant decline from the $7.8 billion invested in Brazil in 2011. This decline is reportedly due in part to the funding disbursement cycles of the development banks that provide the majority of asset finance in the region.
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