Renewable Energy Opportunities in Latin America

The last few years have seen a global focus on renewable energies – development, expenditure, and targets – and, in many ways, Latin America’s leading the charge.

Latin America (LATAM) has natural characteristics that offer unique opportunities for renewable energy production. An abundance of resources, high rates of sunshine, geothermal regions, areas of steady wind, excellent access to coastlines, and high demand for electricity all make the region a perfect location for renewable energies. And, being particularly vulnerable to extreme weather events, melting glaciers and rising seas, the region is taking their Climate Pledges seriously.

In 2021, the Latin American Energy Organisation (OLADE) signed an agreement to work closely with the International Renewable Energy Agency (IRENA) to scale up deployment of renewable energy throughout Latin America, with the target of 70% renewable power by 2030.

And Latin America is interested in all aspects of renewable energy: from wind to electric vehicles, geothermic to marine. What’s more, business appetite for Latin America is on the rise and will only continue to increase, thanks to the region’s focus on infrastructure, environment, technology, and social improvement – including in the renewable energy sector.

Outsourcing can help you take advantage of new opportunities for expansion in the renewables sector. Your local outsourcing partner will have the knowledge, experience and defined procedures in place to minimise your regulatory and legislative risks and ensure your international compliance.

Auxadi are a provider of accounting, tax and payroll services to some of the largest renewables companies, with extensive knowledge of the sector in Latin America, and have a strong understanding of the various regulatory requirements and international best practice to expand your renewables operations with ease.