With over 11 billion barrels of oil reserves (one of the highest levels per capita in the world) and GDP growth rates and fiscal revenues rising tremendously over time, Guyana, as a new oil producer, is at the threshold of a new era. At the same time, the Government of Guyana is embarking on a cleaner transformation for domestic electricity generation, taking advantage of its … [Read more...] about A nature-based asset in action: Transforming Guyana with renewables
Renewable Energy
Unlocking the employment potential of Latin America’s Energy Transition
The energy transition is changing the dynamics of the global investment landscape and opening the door to new activities and business opportunities that will likely impact the sector’s labor market. Evidence from certain LAC countries suggests that for every million dollars invested in the energy sector’s emergent areas, between 7 and 49 new jobs are created. To fully unlock … [Read more...] about Unlocking the employment potential of Latin America’s Energy Transition
Consolidating a Sustainable Energy Sector in Suriname
Suriname is advancing toward a more sustainable energy sector, aiming to provide affordable, secure, and clean electricity to its citizens. The Inter-American Development Bank (IDB) has been a key partner, providing technical and financial support to implement some of the country’s most relevant and iconic projects. On February 8th, 2020, the IDB and the Ministry of Finance … [Read more...] about Consolidating a Sustainable Energy Sector in Suriname
Colombia Takes Position in the Green Hydrogen Industry in Latin America
Colombia published the National Hydrogen Strategy and Road Map. This guide will be key for securing a strategic position in a nascent industry that has the potential to revolutionize energy markets in the coming decades. Hydrogen is the most abundant element in Earth’s atmosphere. It can be utilized as fuel, an energy carrier, and industrial raw material to store and … [Read more...] about Colombia Takes Position in the Green Hydrogen Industry in Latin America
It’s time for solar to get its feet wet
Solar floating photovoltaic (FPV) energy is gaining relevance around the globe. Recently, plants with a capacity of tens and even hundreds of megawatts have been installed in China, and more are planned in India and Southeast Asia. In 2018, the cumulative installed capacity of floating solar panels was 1,000 MW, from which more than 500 MW were installed in the same year. At … [Read more...] about It’s time for solar to get its feet wet