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Latin America And Caribbean Region Expected To Install 9 GW Of Solar In 5 Years

That solar photovoltaic (PV) technology is poised to become a dominant energy generation technology throughout the world is of no surprise to most, but the sheer wealth of possibility being forecast throughout the middle and southern hemispheres begins to give an idea of just how prevalent the technology will be by the end of the decade.

Figures published by NPD Solarbuzz have so far predicted that several of the major Asia Pacific nations will account for 60% of solar PV demand in 2014, while being primary drivers of growth over the next several years, at the same time as the Middle East and Africa region currently has close to 12 GW of solar demand in the pipeline.

So it should really come as no surprise that NPD Solarbuzz’s recent figures show that the Latin America and Caribbean region is set to install 9 GW of solar PV over the next five years.

Latin America and Caribbean Five-Year Cumulative Demand Forecast by Project Status

“Solar PV is now starting to emerge as a preferred energy technology for Latin American and Caribbean countries,” said Michael Barker, senior analyst at NPD Solarbuzz. “The region has high electricity prices and it also benefits from strong solar irradiation, which makes it a good candidate for solar PV deployment. As a result, experienced global solar PV developers are seeing strong solar PV growth potential in the region.”

NPD Solarbuzz’s Emerging PV Markets Report: Latin America and Caribbean shows that the total PV project pipeline now exceeds 22 GW of projects across all stages of development — with 1 GW of projects already under construction, and another 5 GW of projects have received the appropriate approval to proceed.

The Latin America and Caribbean region was previously home to many small-scale and off-grid solar PV applications, however governments are now looking to solar PV to address large-scale utility power requrements — specifically in Brazil, Chile, and Mexico.

“Many countries across the LAC region have the potential to develop into major solar PV markets in the future,” added Barker. “While project pipelines vary by country, there is a strong contribution from early-stage developments that have yet to finalize supply deals or find end-users to purchase the generated electricity, which presents both risks and opportunities for industry players.”

A number of countries throughout the developing and second-world countries are turning to renewable energy technologies to develop strong, future-proof, and economically efficient energy generation. Such a trend is being backed by major manufacturing companies who are focusing their efforts on these regions, hoping to increase their own profits while fulfilling renewable energy demand. More

 

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On Low-Carbon Economies

RMI and Carbon War Room are working together to help Caribbean islands transition to lowcarbon, clean-energy economies

Former Costa Rican president and Carbon War Room head José María Figueres on islands, carbon, and global energy use

In 1994 at age 39, José María Figueres was elected president of Costa Rica, becoming the youngest president of a Central American country during modern times. A graduate of the United States Military Academy at West Point and Harvard University’s John F. Kennedy School of Government, his administration focused on sustainable development. Since then, he has served as the chair of a United Nations taskforce, CEO of the World Economic Forum and then Concordia 21, and most recently president of Sir Richard Branson’s nonprofit Carbon War Room. Fresh off travel through parts of Asia with RMI chief scientist Amory Lovins, we asked Figueres about the importance of working with islands, creating low-carbon economies, and how to accelerate transforming global energy use.

José María Figueres

Rocky Mountain Institute: Like RMI CEO Jules Kortenhorst, your background spans business and government. Looking at today’s energy and climate challenges, why are market-based solutions — even if bolstered by supportive governmental policies — so important for driving change?

José María Figueres: About 40 percent of global carbon emissions can be profitably avoided today within existing international agreements and national regulations by applying already-proven technologies. RMI and CWR are leaders in helping businesses realize this terrific market opportunity. As we get more capital to flow into financing the transition toward clean energy and lower carbon emissions, we can provide profitable example for others to follow and broaden understanding about these issues at the same time.

RMI: Looking at RMI and Carbon War Room’s collaborative work together in the Caribbean, including the Creating Climate Wealth summit earlier this year, why is focusing on islands so important, given their small contribution to climate change yet great vulnerability in the face of it?

JMF: Working with islands to shift their energy base from fossil fuels to renewables is important for at least three reasons. First, it helps improve the quality of life for island residents, who are burdened with some of the highest electricity prices in the world. Second, such a transition creates jobs, investment possibilities, and entrepreneurial opportunities that render these islands — normally dependent on tourism for the overwhelming bulk of their economies — more competitive. And third, our work with islands can yield shining examples of a successful transition to lower-carbon, clean-energy economies using existing technologies. This will hopefully inspire others to follow in their footsteps, and not only on literal islands. After all, islands need not be surrounded by water. They can be an off-grid mine, a rural community, an isolated military installation, and much more.

RMI: Costa Rica, already known as an ecotourism hot spot and global leader in environmental stewardship, has set a goal to become carbon neutral by 2021. Your energy mix is already almost entirely renewable (mostly hydro plus some geothermal and wind), with an impressively small amount of fossil fuels. As the country embraces diversification with other renewables, such as solar in the Guanacaste region, what lessons can the rest of the world learn from your successes and challenges?

JMF: The first lesson is that renewables are profitable. Powered by renewables Costa Rica has successfully diversified its economy, with a very pronounced and competitive export-oriented bias. Secondly, we are living proof it can be done even among developing nations with scarcer economic resources than the developed world. Thirdly, our experience shows that systemic thinking in addressing these challenges is much better than a “silo” focus.

RMI: What do you see as the most significant barriers that stand in the way of transforming global energy use? With renewables making an increasingly compelling economic case — garnering billions of dollars of global investment, while their costs keep declining, making that investment go further — how can we accelerate their adoption and topple incumbent fossil fuels?

JMF: There is nothing harder than changing cultural attitudes. Most of the world grew up on fossil fuels without thinking of their unintended consequences: increasing carbon emissions driving climate change. Now we must change our habits and practices, and do so within a ten- to fifteen-year window to avoid temperature changes from escalating beyond two degrees Celsius. This requires broadening our understanding with respect to the business opportunities it entails, strong leadership to change present business models, and public-private partnerships to make progress in the short time we have to act.

RMI: With China and the U.S. dominating global oil imports, fossil fuel consumption (especially coal), and carbon emissions, how do smaller countries such as Costa Rica and the Caribbean’s island-nations perceive their place in that landscape?

JMF: Smaller nations face both a great challenge and a great opportunity. The challenge — and it’s not an easy one to come to terms with — is that even if we do everything we can in the smaller nations and reduce our carbon footprint to zero, the world still needs China, the U.S., Brazil, India, and other large players to do more and move faster. The opportunity, though, is for smaller nations to set an example in the transition to low-carbon economies, which hopefully inspires others to follow. Then, the issue becomes one of scaling solutions, rather than proving them in the first place. Smaller nations can become early-adopters proving the case that paves the way for other major world energy powers to follow.

Follow José María on Twitter.

This article is from the Summer 2014 issue of Rocky Mountain Institute’s Solution Journal. To read more from back issues of Solutions Journal, please visit the RMI website.

 

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Lockheed, Reignwood to Build Ocean Thermal Power Plant for China

The 10-megawatt facility powered by ocean thermal energy conversion, or OTEC, may spur use of a technology that has the potential for billions of dollars of projects, Bethesda, Maryland-based Lockheed said on its website. The plant will produce power for a Chinese resort being built by Reignwood.

“Benefits to generating power with OTEC are immense,” Dan Heller, vice president of new ventures for Lockheed Martin mission systems and training, said in yesterday’s statement. “Constructing a sea-based, multimegawatt pilot OTEC power plant for Reignwood is the final step in making it an economic option to meet growing needs for clean, reliable energy.”

While OTEC systems are able to produce round-the-clock power, clean drinking water and hydrogen for use in electric vehicles, there are no commercial-scale plants in operation.

The agreement with Reignwood may be the foundation to develop OTEC power plants from 10 megawatts to 100 megawatts, Lockheed said in the statement. A commercial-scale plant would have the capability to power a small city, it said.

Lockheed already has tested an OTEC plant that ran for three months and produced 50 kilowatts of electricity. It got $12.5 million from the U.S. Navy to develop a pilot facility. More

 

 

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Energy Security: Navy Demonstration of Alternative Fuels

For years, the U.S. Navy has been studying alternatives to the increasingly expensive fossil fuels that power its ships, boats and planes and last month (July) the service got to test its research and theories on a grand scale.

The aircraft carrier USS Nimitz (CVN 68), heading a strike force of four other ships as well as a jet fighter wing, helicopters and other aircraft, demonstrated the viability of alternative fuels in the waters off Hawaii during Rim of the Pacific 2012 (RIMPAC), the world’s largest annual international maritime exercise.

Click here to view the complete article at the IDGA website.

 

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