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Argus Media ($): Colombia has enacted an energy transition law to promote investment in hydrogen, renewable energy and sustainable transport. The law, signed by President Ivan Duque yesterday, recognizes green and blue hydrogen as renewable energy eligible for reduced income tax, VAT and tariff exemptions and accelerated depreciation. The new legislation also provides a legal […]
OilPrice.com: As oil majors around the world solidify their positions in the hydrogen industry, the IEA has highlighted Latin America as a clear area of opportunity for the production of what many expect to be the energy source of the future. “Latin America could become a key contributor to the global push towards low carbon […]
The latest monthly electricity data out of Uruguay shows wind and solar generation continuing to grow, reaching 44 percent of total generation in January, a new record that surpasses a 42 percent record set in December. Growth in variable renewable power market share in Uruguay has been dramatic, and the country has become a showcase […]
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IEEFA Latin America: Uruguay nears world-leading market share for variable renewables
Rivaling Denmark by tapping wind, solar and hydro for 43% of national electricity generation
LONDON—Uruguay is closing in on the world leader in wind and solar power by market share, Denmark, showing how the right grid conditions can help renewables sweep aside fossil fuel-fired electricity generation. We published a report less than a year ago noting that Uruguay was probably the world’s fastest growing variable renewables market, with wind […]