Summary: Significant declines in renewable energy PPA pricing in the region makes clear we are dealing with a commodity with understandable and quantifiable technology risks – a business model that has not really changed since inception a century ago. Yet the true energy revolution that will transform the way citizens power their lives has yet to capture the imagination of our region. This brief analysis makes the case that once it does, it is likely to be stronger in Latin America than anywhere else.
About the Author: Carlos St. James is an advisor to energy investors and developers in emerging markets. He co-founded the Argentine Renewable Energies Chamber in 2005; has been a board member of the Latin American & Caribbean Council on Renewable Energy since 2010; founded the Middle East-Americas Energy Council in 2014; and publishes the Latin American Energy Review in his free time.
He was recently named Summit Chairman of the upcoming LAC-CORE Finance Summit held at the Ritz Carlton in Miami, Florida this October, which will include discussions on the opportunities in smart grids.
This article represents the first detailed analysis of the Falklands Islands/Islas Malvinas renewable energy program, which maximizes the more than abundant wind that consistently blows from the west across the more than 700 islands comprising the archipelago. One megawatt of wind energy is already up and running, individual farms also make use of it, and the local military base has recently signed a fifteen year agreement to have another wind farm built to supply them of cleaner energy. The island also has experimented with small hydro and solar, and has unique solutions to store energy.
About the Author: Carlos St. James founded the Argentine Renewable Energies Chamber; is a board member of the Latin American & Caribbean Council on Renewable Energy; founded and is chairman of the Middle East-Americas Energy Council; and publisher of the Latin American Energy Review.