October 17, 2019
Ecuador is working to launch its first auction for large-scale renewable energy projects.
The Andean country is one of only a handful in South America yet to hold a round of bidding for a renewables project. In the planned auction, set for later this year, the government will auction 500 MW of wind, solar and hydro projects in three separate rounds.
“They are finally getting started,” says Carlos St. James, a board member of the Latin American & Caribbean Council on Renewable Energy, a Washington DC-based group.
St. James says Ecuador is taking a different approach with its auction compared to other countries, where private companies often propose their own projects.
“It’s set up
From Ecuador’s renewable energy projects to Chile’s deeper green commitment to new investments in Argentina’s fintech start-ups, recent developments underscore trends in Latin America