EnergyWatch

South America is global hot spot for wind and sun

As early as in 2030, renewable energy will be the cheapest form of energy on the South American continent, according to Finnish research.

Photo: LM Wind Power

Thanks to the region's vast solar and wind resources, it is realistic that already in 13 years, the countries in South America will be able to transition 100 percent to renewable energy. Wind, solar, hydro power, and biomass will be cheaper energy sources for the continent in 2030 than oil, gas, and coal.

This according to a new study from Finnish researchers published by Lappeenranta University of Technology (LUT) and VTT Technical Research Centre of Finland Ltd.

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