Just the Numbers

Investment in Renewable Energy
Sources Is Booming in Latin America

by Emilie Sweigart

As the U.S. was preparing to withdraw from the Paris Agreement last year, Latin America and the Caribbean were making a strong bet on clean energy. Investment in renewable energy sources across the region jumped 65 percent in 2017 to $17.2 billion, outpacing the global average of 3 percent growth. The boom was bolstered by record investment in Mexico and a ninefold increase in Argentina. Both nations’ wind and solar sectors received the bulk of the funding, reflective of a global trend away from hydropower. Brazil, Peru, Chile, Costa Rica, the Dominican Republic and El Salvador rounded out the top countries for investment in 2017.

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