UPDATED 1 Sept: The EI library in London is temporarily closed to the public, as a precautionary measure in light of the ongoing COVID-19 situation. The Knowledge Service will still be answering email queries via email , or via live chats during working hours (09:15-17:00 GMT). Our e-library is always open for members here: eLibrary , for full-text access to over 200 e-books and millions of articles. Thank you for your patience.
New Energy World™
New Energy World™ embraces the whole energy industry as it connects and converges to address the decarbonisation challenge. It covers progress being made across the industry, from the dynamics under way to reduce emissions in oil and gas, through improvements to the efficiency of energy conversion and use, to cutting-edge initiatives in renewable and low-carbon technologies.
Is Latin America worth taking a risk on for energy investors?
9/4/2025
8 min read
Feature
Latin America has a wealth of opportunities for wind, solar, hydro and biomass development, despite volatile geopolitical and infrastructure challenges. An experienced international panel examined the investment potential and pitfalls of the continent at International Energy Week. New Energy World Features Editor Brian Davis reports.
2025 is an important year for Latin America as the location of COP30 is in Belém, Brazil, in November. ‘Brazil is considered to be a beacon as both a big oil exporter and major renewable energy resource,’ said session moderator Ieda Gomes of the Oxford Institute for Energy Studies (OIES).
Lead Energy Management Trader Javier Vaquerizo of Contour Global, a mid-sized independent power producer (IPP), announced that his company had an ambitious plan to double installed capacity from now to 2030, ‘investing a lot in renewables, phasing out coal from our portfolio and keeping gas as a transition fuel’.
The company is currently involved in some asset rotation and is primarily focused on developing solar and battery storage in its five-year horizon. Contour Global has also entered Chile with large-scale solar PV and battery energy storage systems (BESS) from Grenergy, a Spanish-listed renewables developer, in a $900mn enterprise comprised of three independent projects in Atacama (Quillagua 1 and II) and Tarapaca (Victor Jara). The company also has wind farm operations in Peru and Colombia, as well as the US and Spain.