OLADE highlights progress and challenges of the Energy Transition in Latin America and the Caribbean during the “Growing with Energy” dialogue series

As part of the “Growing with Energy” conversation series organized by ICARE Chile, the Executive Secretary of the Latin American Energy Organization (OLADE), Andrés Rebolledo, presented an updated overview of the regional energy landscape, highlighting achievements, structural gaps, and strategic opportunities in the context of the global energy transition.

In his remarks, Rebolledo emphasized that Latin America and the Caribbean already generate 69% of their electricity from renewable sources, positioning the region as a global leader in clean power generation. He also stressed key ongoing transformations:

• Accelerated growth of electromobility and electrification of final energy consumption
• Advances in green hydrogen, energy storage, and grid digitalization
• Regional energy integration as a strategic pillar for security and sustainability

“The energy transition is an opportunity for sustainable development in our region,” Rebolledo stated. “We are the greenest zone in global power generation—a solution region, rich, diverse, and complementary.”

In that context, Chile’s Minister of Energy, Diego Pardow, highlighted the country’s competitive edge in renewable energy development, noting that 70% of the electricity generated in Chile in 2024 came from clean sources. He also underscored Chile’s robust institutional framework and unparalleled energy storage ecosystem.

Finally, Rebolledo reiterated that the energy sector is currently the main source of investment in Chile, with major implications for economic development, resilience, and long-term sustainability across the region.

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