Latin America and the Caribbean are leading the world in the energy transition process. Between 2015 and 2022, the region increased its renewable capacity by 51% to reach 64% of electricity generation.

The push for renewables, electromobility, green hydrogen, storage technologies and energy integration are the key challenges in this matter. The mobilization and execution of new and large investments is required “like perhaps never seen in the region,” warns an IDB expert. It is an investment that, the entity points out, should come mostly from the private sector, considering the little capacity that the governments of the region have today.