With the purpose of promoting the energy transition in Latin America, the Latin American Energy Organization (Olade) and the Global Wind Energy Council (GWEC) signed a Memorandum of Understanding (MoU), which establishes the bases for cooperation in the design and implementation of projects, reports and roadmaps for the development of renewable energies, with the aim of promoting energy security in the region.
Under the Memorandum the two organizations agree to exchange information, commit to technical assistance and technology transfer, conduct joint studies, research and publications, organize events and other mutual activities, as well as facilitate the exchange of experiences for the activities of each organization.
“We are delighted to unite our efforts with the wind energy industry in Latin America, and with GWEC as the ideal partner with its vast experience in the region. This partnership will be important to receive their knowledge and experience of the industry’s drivers to the integration of large-scale wind energy into our markets and grid systems. This will be crucial to take advantage of this prominent source of renewable energy in Latin America and ensure the adoption in the next decade of investments in renewable energy to achieve our common goal, to generate 70% of electricity from renewable energy sources in Latin America by 2030, as part of the RELAC initiative for our climate commitments, “said Olade Executive Secretary Alfonso Blanco.
“GWEC considers Latin America as one of the regions with the greatest potential for wind energy worldwide. With 25.6 GW of wind power capacity already installed, the region could reach 85 GW by 2030 in a custom accelerated scenario that the demand for energy increases and wind power replaces fossil fuels and satisfies the new demand. With an electricity consumption that is expected to increase by more than 70% by 2030 in Latin America, it is crucial that more clean energy be integrated in the energy systems of the region to ensure energy security and limit the impact of climate change on economic growth, “said Ben Backwell, GWEC CEO.
The key issues on which Olade and GWEC will cooperate include: sustainable energy development; energy economy; project finance frameworks for energy; planning, management and integration of wind energy in the region’s energy systems and regulatory and energy policy frameworks.
The first joint report between GWEC and Olade will cover renewable energy auctions in Latin America and will be published in early 2020.
Global Wind Energy Council (GWEC)
It is an organization based on its members that represents the entire wind energy sector. GWEC members represent more than 1,500 companies, organizations and institutions in more than 80 countries, including manufacturers, developers, component suppliers, research institutes, national wind and renewable energy associations, electricity providers, financial and insurance companies . More information at: www.gwec.net