Investment in Renewable Energy
Sources Is Booming in Latin America

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.