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South American Renewable Energy Markets to 2020 - Favorable Policies and Regulations to Drive Growth in The Region

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South American Renewable Energy Markets to 2020 - Favorable Policies and Regulations to Drive Growth in The Region Summary GBI Research's report, “South American Renewable Energy Markets to 2020 - Favorable Policies and Regulations to Drive Growth in The Region”, which provides key data, information and analysis on the South American renewable energy market. The report provides market drivers, restraints and market trends information for the top five countries in the South American region. The report also analyses the four major renewable energy technologies, namely small hydro, wind, solar and biomass in each of the top five countries in the region. The report provides comprehensive information on the key market trends with superior analytics. It also reviews the policies and regulatory framework of the renewable energy market. The South American renewable energy market is expected to increase at a Compound Annual Growth Rate (CAGR) of 10.1% over the forecast period 2009–2020. Small hydro and wind energy are likely to experience high growth during this period. The cumulative installed capacity of small hydro power in the top five countries is expected to increase at a CAGR of 7.8% during the period. The major drivers for the growth in the South American renewable energy market include favorable polices, legislation in respective countries, financial support from international banks and clean development mechanism projects. The key restraints include the lack of incentives and the lack of a binding agreement at the Copenhagen summit. Scope - Key geographies such as Brazil, Argentina, Colombia, Venezuela and Chile. - Cumulative Installed Capacities for renewable energy technologies globally from 2000 to 2009 and forecast up to 2020. - Percentage share of the top 10 countries in wind, solar and biomass globally from 2000 to 2009 and forecasts up to 2020. - Cumulative Installed Capacities for the top five countries in the South American region from 2000

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									            South American Renewable Energy Markets to 2020 -
                  Favorable Policies and Regulations to Drive
                            Growth in The Region
    Reference Code: GBIAE0009MR                                                                              Publication Date: May 2010

  Argentina,Brazil, Chile          Favorable Policies and Legislations Drive Renewable Energy Market in South America
  and Colombia have
  formulated legislation to        Currently, government policies and renewable energy legislation play a vital role in the
  promote renewable                development of renewable energy sources. Countries in the South American region are aware of
  energy development.              this and have enacted favorable policies to encourage investment in non-conventional energy
                                   sources such as wind, solar and biomass. Of the top 5 countries discussed in this report, Argentina,
                                   Brazil, Chile and Colombia have formulated legislation to promote renewable energy development.
                                   Argentina and Chile have set Renewable Portfolio Standards (RPS) type of targets for the
                                   implementation of renewable energy sources. In addition to this, a number of governments also
                                   provide indirect subsidies and tax credits to promote renewable energy. These policies and
                                   support will help South American countries to achieve rapid growth in renewable energy, as the
                                   existing programs and legislations bring significant installed capacity to the market.
                                   Financial Support by International Banks will Aid Renewable Energy Growth in the region
                                   According to the Economic Commission for Latin America and the Caribbean (ECLAC), countries in
                                   the Latin American and Caribbean region would require an investment of $572 billion in the
                                   electricity sector between 2007 and 2030 to meet the energy demand. According to the United
                                   Nations Framework for Climate Change (UNFCC), more than 85% of the energy investment in this
                                   region will come from the private sector.
                                   International Banks including the Inter-American Development Bank (IDB) are financing various
                                   power generation projects in this region. Since 2000, the IDB has financed more than $2.1 billion in
                                   renewable energy projects in the region, including hydro, wind and geothermal projects. The focus
                                   is to develop sustainable energy for the longer term through renewable energy sources. The banks
                                   also provide financial support for technical assistance programs for sustainable energy and energy
                                   efficiency.
                                   Clean Development Mechanism (CDM) Projects Increase Renewable Energy Investment in
                                   the Region
                                   The Clean Development Mechanism is an arrangement under the Kyoto Protocol allowing
                                   developed countries to invest in projects that reduce green house gas emissions in the developing
                                   countries. The mechanism, which became operational in 2006, has been one of the key reasons for
                                   the renewable energy investment in the South American region. Of the total 2127 projects that
                                   were registered up to April 2010, 461 of them were registered for development in the Latin
                                   American region. More than 60% of the total projects relate to the energy segment, especially, the
                                   renewable energy sources. A combination of small hydro, solar, wind and biomass contributes to
                                   the majority of this investment. These projects are expected to increase the renewable energy
                                   investment in the region.
                                   Environmental Protection, Increased Adoption of Renewable Energy and Other Benefits
                                   Developed countries promote the use of renewable energy as a way to ease global environmental
                                   issues arising from the emission of green house gases. With the depletion of fossil fuel resources,
                                   renewable energy has become the ideal solution to meet the long term energy needs. The price
                                   parity of wind energy generation over conventional energy sources is likely to favor increased
                                   adoption of wind energy development. In addition to this, the adoption of renewable energy brings
                                   various benefits such as the creation of jobs and the revitalization of small and medium size
                                   industries. These reasons will play a vital role for renewable energy development in the South
                                   American region.




South American Renewable Energy Markets to 2020 -                                                      GBIAE0009MR / Published MAY 2010
Favorable Policies and Regulations to Drive
Growth in The Region                                                                                                                 Page 1
                                                                      © GBI Research. This is a licensed product and is not to be photocopied
                                   Renewable Energy Contribution in the Overall Energy Mix is Set to Increase in the Top Five
  Non-conventional                 Countries in the South American Region
  renewable energy sources
  such as wind and solar           The major part of power generation in the South American region is from renewable sources,
  represented less than            especially hydro power. In the top five countries considered for this research, 63.5% of installed
  0.5% of the total energy         capacity is from hydro power, while 32.2% is contributed by conventional thermal power. Nuclear
  mix.                             and biomass represent about 1.4% and 2.4% respectively, while the non-conventional renewable
                                   energy sources such as wind and solar represented less than 0.5% of the total energy mix.
                                   Electricity production through hydro power and thermal power has increased significantly over the
                                   last decade. Both of these energy sources are expected to show moderate growth over the forecast
                                   period. With increasing legislative and financial support for renewable energy sources, the share of
                                   renewable energy is expected to increase and therefore experience robust growth over the forecast
                                   period, especially in Brazil, Argentina and Chile. Power generation from biomass, solar and
                                   geothermal is also expected to show moderate growth over the forecast period.

                                     South America, Installed Capacity by Energy Sources, Top 5 Countries, 2009
                                                                                Solar PV
                                                                                 0.1%
                                                                                 Bio-Mass
                                                                                   2.4%




                                                                                           Other                      Thermal
                                               Hydro                                       33.6%                       32.2%
                                               63.5%


                                                                                                                      Nuclear
                                                                                                                       1.4%
                                                                                 Wind
                                                                                 0.4%
                                     Source: GBI Research




South American Renewable Energy Markets to 2020 -                                                      GBIAE0009MR / Published MAY 2010
Favorable Policies and Regulations to Drive
Growth in The Region                                                                                                                 Page 2
                                                                      © GBI Research. This is a licensed product and is not to be photocopied
                                   1 Table of Contents
                                   1   Table of Contents ........................................................................................................................ 3
                                       1.1    List of Tables..................................................................................................................... 6
                                       1.2    List of Figures ................................................................................................................... 7
                                   2   Global Renewable Energy Market ............................................................................................... 8
                                       2.1    Global Small Hydro Power Market .................................................................................... 8
                                       2.2    Global Wind Power Market ............................................................................................... 8
                                          2.2.1       Global Wind Power Market, Installed Capacity, 2000-2020....................................... 9
                                          2.2.2       Global Wind Power Market, Market Share by Country, 2009 .................................. 11
                                       2.3    Global Solar PV Market .................................................................................................. 12
                                          2.3.1       Global Solar PV Market, Installed Capacity (MW), 2000-2020 ................................ 12
                                          2.3.2       Global Solar PV Market, Market Share by Country, 2009 ....................................... 14
                                       2.4    Global Biomass Market ................................................................................................... 15
                                          2.4.1       Global Biomass Market, Installed Capacity (MW), 2000-2020................................. 16
                                          2.4.2       Global Biomass Market, Market Share by Country, 2009........................................ 18
                                       2.5    Global Renewable Energy Investments, 2009 ................................................................ 19
                                   3   South American Renewable Energy Market .............................................................................. 20
                                       3.1    South American Renewable Energy Market – Market Dynamics.................................... 20
                                          3.1.1       Market Drivers ......................................................................................................... 20
                                          3.1.2       Market Restraints .................................................................................................... 21
                                       3.2    South America Installed Capacity by Energy Sources, Top Five Countries, 2009 .......... 21
                                       3.3    South America Installed Capacity by Renewable Energy Sources, Top Five Countries,
                                              2009................................................................................................................................ 22
                                       3.4    South American Renewable Energy Market, Policies and Support Measures, by country
                                               ........................................................................................................................................ 23
                                       3.5    South American Renewable Energy Market, Total Installed Capacity, Top Five Countries,
                                              2000-2020....................................................................................................................... 23
                                       3.6    South American Renewable Energy Market, By Renewable Energy, Installed Capacity,
                                              2000-2020....................................................................................................................... 24
                                       3.7    South American Renewable Energy Market Cumulative Installed Capacity, By country
                                              2000-2020....................................................................................................................... 26
                                   4   Brazil Renewable Energy Market .............................................................................................. 29
                                       4.1    Brazil Power Market, Market Highlights .......................................................................... 29
                                          4.1.1       Brazil Electrical Energy Sector, Entities and their functions, 2010........................... 30
                                       4.2    Brazil Renewable Energy Market – Market Dynamics .................................................... 30
                                          4.2.1       Market Drivers ......................................................................................................... 30
                                          4.2.2       Market Restraints .................................................................................................... 32
                                       4.3    Brazil Installed Capacity by Energy Sources, 2009......................................................... 32
                                       4.4    Brazil Installed Capacity by Renewable Energy Sources, 2009...................................... 33
                                          4.4.1       Brazil Renewable Energy Market, Installed Capacity, 2000-2020 ........................... 33
                                       4.5    Brazil Small Hydro Power Market, 2010 ......................................................................... 35
                                          4.5.1       Brazil Small Hydro Power Market, Installed Capacity, 2000-2020........................... 36
                                       4.6    Brazil Wind Power Market............................................................................................... 37
                                          4.6.1       Brazil Wind Power Market, Installed Capacity, 2000-2020 ...................................... 38
                                          4.6.2       Brazil Wind Power Market, Wind Farms Planned/ Under Construction ................... 40
                                       4.7    Brazil Solar PV Market .................................................................................................... 40
                                          4.7.1       Brazil Solar PV Market, Installed Capacity, 2000-2020 ........................................... 40
                                       4.8    Brazil Biomass Power Market ......................................................................................... 42
                                          4.8.1       Brazil Biomass Power Market, Installed Capacity, 2000-2020 ................................ 42
                                       4.9    Policies/Regulations that impact renewable energy in Brazil .......................................... 44
                                   5   Argentina Renewable Energy Market ........................................................................................ 48
                                       5.1    Argentina Power Market, Market Highlights .................................................................... 48
                                       5.2    Argentina Power Market, Entities and their functions...................................................... 48
                                       5.3    Argentina Renewable Energy Market, Market Dynamics ................................................ 49
                                          5.3.1       Market Drivers ......................................................................................................... 49

South American Renewable Energy Markets to 2020 -                                                                                    GBIAE0009MR / Published MAY 2010
Favorable Policies and Regulations to Drive
Growth in The Region                                                                                                                                                           Page 3
                                                                                       © GBI Research. This is a licensed product and is not to be photocopied
                                        5.3.2    Market Restraints .................................................................................................... 50
                                     5.4    Argentina Installed Capacity by Energy Sources, 2009 .................................................. 51
                                     5.5    Argentina Installed Capacity by Renewable Energy Sources, 2009 ............................... 51
                                        5.5.1    Argentina Renewable Energy Market, Installed Capacity, 2000-2020..................... 52
                                     5.6    Argentina Small Hydro Power Market ............................................................................. 53
                                        5.6.1    Argentina Small Hydro Power Market, Installed Capacity, 2000-2020 .................... 53
                                     5.7    Argentina Wind Power Market ........................................................................................ 55
                                        5.7.1    Argentina Wind Power Market, Wind Farms Planned/Under Construction.............. 56
                                        5.7.2    Argentina Wind Power Market, installed capacity, 2000-2020................................. 57
                                     5.8    Argentina Solar PV Market.............................................................................................. 58
                                        5.8.1    Argentina solar PV market, Installed capacity, 2000-2020 ...................................... 59
                                     5.9    Argentina Bio-mass market, 2010................................................................................... 60
                                        5.9.1    Argentina Biomass Market, Installed capacity, 2000-2020 ...................................... 61
                                     5.10 Policies/Regulations that impact on the renewable energy industry in Argentina ........... 62
                                   6 Colombia Renewable Energy Market ........................................................................................ 66
                                     6.1    Colombia Power Market, Market Highlights .................................................................... 66
                                     6.2    Colombia Electrical Energy Market, Entities and their functions ..................................... 67
                                     6.3    Colombia Renewable Energy Market, Market Dynamics ................................................ 67
                                        6.3.1    Market Drivers ......................................................................................................... 67
                                        6.3.2    Market Restraints .................................................................................................... 68
                                     6.4    Colombia Installed Capacity by Energy Sources, 2009 .................................................. 68
                                     6.5    Colombia Installed Capacity by Renewable Energy Source, 2009 ................................. 69
                                        6.5.1    Colombia Renewable Energy Market –Installed Capacity 2000-2020 ..................... 69
                                     6.6    Colombia Small Hydro Market ........................................................................................ 71
                                        6.6.1    Colombia Small Hydro Market, Installed Capacity, 2000-2020................................ 71
                                     6.7    Colombia Wind Power Market......................................................................................... 72
                                        6.7.1    Colombia Wind Power Market, Wind Farms Planned/Under Construction .............. 73
                                        6.7.2    Colombia Wind Power Market, Installed Capacity, 2000-2020 ................................ 73
                                     6.8    Colombia Solar PV Market.............................................................................................. 74
                                     6.9    Colombia Biomass Market .............................................................................................. 75
                                        6.9.1    Colombia Biomass Market, Installed Capacity, 2000-2020 ..................................... 75
                                     6.10 Policies/Regulations that impact on the renewable energy industry in Colombia............ 76
                                   7 Venezuela Renewable Energy Market ...................................................................................... 78
                                     7.1    Venezuela Power Market, Market Highlights .................................................................. 78
                                     7.2    Venezuela Electrical Energy Market, Entities and their functions ................................... 79
                                     7.3    Venezuela Renewable Energy Market, Market Dynamics .............................................. 79
                                        7.3.1    Market Drivers ......................................................................................................... 79
                                        7.3.2    Market Restraints .................................................................................................... 80
                                     7.4    Venezuela Installed Capacity by Energy Sources, 2009................................................. 80
                                     7.5    Venezuela Installed Capacity by Renewable Energy Sources, 2009.............................. 80
                                        7.5.1    Venezuela Renewable Energy Market, Installed Capacity 2000-2020 .................... 81
                                     7.6    Venezuela Small Hydro Market....................................................................................... 82
                                        7.6.1    Venezuela Small Hydro Market, Installed Capacity, 2000-2020 .............................. 82
                                     7.7    Venezuela Wind Power Market....................................................................................... 84
                                        7.7.1    Venezuela Wind Power Market, Installed Capacity, 2000-2020 .............................. 85
                                     7.8    Venezuela Solar PV Market ............................................................................................ 86
                                     7.9    Venezuela Biomass Market ............................................................................................ 87
                                     7.10 Policies/Regulations that impact the renewable energy industry in Venezuela............... 87
                                   8 Chile Renewable Energy Market ............................................................................................... 88
                                     8.1    Chile Power Market, Market Highlights ........................................................................... 88
                                     8.2    Chilean Electrical Energy Market, Entities and their functions ........................................ 89
                                     8.3    Chile Renewable Energy Market, Market Dynamics ....................................................... 89
                                        8.3.1    Market Drivers ......................................................................................................... 89
                                        8.3.2    Market Restraints .................................................................................................... 90
                                     8.4    Chile Installed Capacity by Energy Sources, 2009 ......................................................... 91

South American Renewable Energy Markets to 2020 -                                                                           GBIAE0009MR / Published MAY 2010
Favorable Policies and Regulations to Drive
Growth in The Region                                                                                                                                              Page 4
                                                                                   © GBI Research. This is a licensed product and is not to be photocopied
                                     8.5    Chile Installed Capacity by Renewable Energy Sources ................................................ 91
                                        8.5.1    Chile Renewable Energy Market, Installed Capacity 2000-2020 ............................. 92
                                     8.6    Chile Small Hydro Market ............................................................................................... 93
                                        8.6.1    Chile Small Hydro Power Market, Installed Capacity, 2000-2020............................ 93
                                     8.7    Chile Wind Power Market................................................................................................ 95
                                        8.7.1    Chile Wind Power Market, Wind Farms Planned/Under Construction ..................... 96
                                        8.7.2    Chile Wind Power Market, Installed Capacity, 2000-2020....................................... 96
                                     8.8    Chile Solar PV Market..................................................................................................... 98
                                        8.8.1    Chile Solar Power Market, Solar Farms planned/under construction ...................... 99
                                        8.8.2    Chile Solar PV Market, Cumulative Installed Capacity, 2000-2020 ......................... 99
                                     8.9    Chile Biomass Market ................................................................................................... 100
                                        8.9.1    Chile Biomass Power Market, Biomass power plants planned/under construction 100
                                        8.9.2    Chile Biomass Market, Installed Capacity, 2000-2020 .......................................... 101
                                     8.10 Policies/Regulations that impact the renewable energy industry in Chile ..................... 102
                                   9 Appendix ................................................................................................................................. 104
                                     9.1    Methodology ................................................................................................................. 104
                                        9.1.1    Coverage ............................................................................................................... 104
                                        9.1.2    Secondary Research ............................................................................................. 105
                                        9.1.3    Primary Research.................................................................................................. 105
                                        9.1.4    Expert Panel Validation ......................................................................................... 105
                                     9.2    Contact Us .................................................................................................................... 105
                                     9.3    Disclaimer ..................................................................................................................... 106




South American Renewable Energy Markets to 2020 -                                                                                GBIAE0009MR / Published MAY 2010
Favorable Policies and Regulations to Drive
Growth in The Region                                                                                                                                                     Page 5
                                                                                     © GBI Research. This is a licensed product and is not to be photocopied
                                   1.1       List of Tables
                                   Table 1: Global Wind Power Market, Installed Capacity (MW), 2000-2020................................. 10
                                   Table 2: Global Wind Power Market, Market Share by Country,2009.......................................... 11
                                   Table 3: Global Solar PV Market, Installed Capacity (MW), 2000-2020...................................... 13
                                   Table 4: Global Solar PV Market, Market Share by Country,2009 ............................................... 14
                                   Table 5: Global Biomass Market, Installed Capacity (MW), 2000-2020 ....................................... 17
                                   Table 6: Global Biomass Market, Market Share by Cumulative Installed Capacity (MW), 2009 ... 18
                                   Table 7: Global Annual Investment in Sustainable Energy , 2002-2009 ...................................... 19
                                   Table 8: South America, Major Policy Instruments Supporting Renewable Energy Industry, 2009
                                             ....................................................................................................................................... 23
                                   Table 9: South American Renewable Energy Market, Total Installed Capacity, Top Five
                                             Countries, 2000-2020..................................................................................................... 24
                                   Table 10: South American Renewable Energy Market, Cumulative Installed Capacity by
                                             Renewable Energy (MW), 2000-2020 ............................................................................ 26
                                   Table 11: South American Renewable Energy Market, Cumulative Installed Capacity by Country
                                             (MW), 2000-2020 ........................................................................................................... 28
                                   Table 12: Brazil Electrical Energy Sector, Entities and their functions, 2010 ................................. 30
                                   Table 13: Brazilian Renewable Energy Market, Installed Capacity (MW), 2000-2020 ................... 35
                                   Table 14: Brazilian Small Hydro Power Market, Installed Capacity (MW), 2000-2020................... 37
                                   Table 15: Brazil Wind Power Market, Installed Capacity, (MW), 2000-2020 .................................. 39
                                   Table 16: Brazil Wind Power Market, Wind Farms Planned/Under Construction........................... 40
                                   Table 17: Brazil Solar PV Market, Installed Capacity (MW), 2000-2020 ....................................... 42
                                   Table 18: Brazil Biomass Market, Installed Capacity (MW), 2000-2020 ....................................... 44
                                   Table 19: The Brazil PRO-INFA Program: Feed-in Tariffs ............................................................. 45
                                   Table 20: Argentina Power Market, Entities and their functions..................................................... 48
                                   Table 21: Argentine Renewable Energy Market, Installed Capacity, 2000-2020 ........................... 53
                                   Table 22: Argentine Small Hydro Power Market, Installed Capacity (MW), 2000-2020 ................. 55
                                   Table 23: Argentina Wind Power Market, Wind Farms Planned/Under Construction, 2009 .......... 56
                                   Table 24: Argentina Wind Power Market, Installed Capacity (MW), 2000-2020............................ 58
                                   Table 25: Argentina Solar PV Power Market, Installed Capacity (MW), 2000-2020...................... 60
                                   Table 26: Argentina Biomass Power Market, Cumulative Installed Capacity (MW), 2000-2020 .. 62
                                   Table 27: Argentina Feed-in-Tariffs for Renewable Electricity Generation (ARS/KW-h)................ 64
                                   Table 28: Colombia Electrical Energy Sector, Entities and their functions, 2010 ........................... 67
                                   Table 29: Colombian Renewable Energy Market, Installed Capacity (MW), 2000-2020................ 70
                                   Table 30: Colombian Small Hydro Power Market, Installed Capacity (MW), 2000-2020 ............... 72
                                   Table 31: Colombia Wind Power Market, Wind Farms Planned/Under Construction..................... 73
                                   Table 32: Colombia Wind Power Market, Installed Capacity (MW), 2000-2020............................ 74
                                   Table 33: Colombia Biomass Power Market, Installed Capacity (MW), 2000-2020 ...................... 76
                                   Table 34: Venezuela Electrical Energy Sector, Entities and their functions, 2010 ......................... 79
                                   Table 35: Venezuelan Renewable Energy Market, Installed Capacity (MW), 2000-2020 .............. 82
                                   Table 36: Venezuelan Small Hydro Power Market, Installed Capacity (MW), 2000-2020.............. 84
                                   Table 37: Venezuela Wind Power Market, Installed Capacity (MW), 2000-2020 .......................... 86
                                   Table 38: Chile Electrical Energy Sector, Entities and their functions, 2010 .................................. 89
                                   Table 39: Chilean Renewable Energy Market, Installed Capacity (MW), 2000-2020..................... 93
                                   Table 40: Chilean Small Hydro Power Market, Installed Capacity (MW), 2000-2020 .................... 95
                                   Table 41: Chile Wind Power Market, Wind Farms Planned/Under Construction............................ 96
                                   Table 42: Chile Wind Power Market, Installed Capacity (MW), 2000-2020................................... 98
                                   Table 43: Chile Solar Power Market, Solar Farms Planned/Under Construction ........................... 99
                                   Table 44: Chile Solar Power Market, Cumulative Installed Capacity (MW), 2000-2020.............. 100
                                   Table 45: Chile Biomass Power Market, Biomass Power Plants Planned/Under Construction.... 100
                                   Table 46: Chile Biomass Power Market, Installed Capacity (MW), 2000-2020 .......................... 102




South American Renewable Energy Markets to 2020 -                                                                                  GBIAE0009MR / Published MAY 2010
Favorable Policies and Regulations to Drive
Growth in The Region                                                                                                                                                         Page 6
                                                                                      © GBI Research. This is a licensed product and is not to be photocopied
                                   1.2     List of Figures
                                   Figure 1:    Global Wind Power Market, Installed Capacity (MW), 2000-2020................................... 9
                                   Figure 2:    Global Wind Power Market, Market Share by Count
								
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