Renewable power and regional integration need to be supported to ensure energy security in Latin America, according to the 2013 version of the BNamericas Electric Power Readers' Survey.
Unlike in Europe where grids are interconnected and renewable energy accounts for as much as 50% of power in some countries, energy systems in Latin America continue to rely on traditional forms of energy and have yet to develop transmission infrastructure to connect power grids. Tackling this, the survey takers said, is central to securing future power security in the region.
Social opposition to new projects and a lack of regulation and government support, the survey found, is also hindering power sector stability throughout Latin America.
Respondents to the survey did, however, highlight that abundant energy resources coupled with high prices and growing energy demand makes the region on the whole appealing for power investment.
The survey picked out Brazil, Peru, Chile and Colombia as slightly more attractive for investment than their regional peers, while Argentina and Venezuela were singled out as unattractive for investment.
To download the report's full findings, go to this link
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