In 2019, 10 LATAM and Caribbean countries signed an agreement that set out to achieve an average of 70% of installed capacity in the renewable energy matrix by 2030.
This agreement follows the one signed by 12 renewable energy associations from Argentina, Chile, Colombia, Ecuador, Mexico, Peru, ruguay, and Spain to promote investments in renewable energy in LATAM, and encourage regulatory frameworks in line and consistent with the environmental and social policies of each of the countries.
The South American continent has some natural peculiarities that offer it a unique opportunity to become a leading player in the field of renewable energies. Its own geothermal characteristics and abundance of resources, and an electricity market characterized by high prices and high demand, are just some of the reasons renewable energies are seeing massive expansion in Latin America.
With the decade having just begun and the challenges that Latin America has ahead of it, this White Paper outlines the particulars of taxation that some of the main countries in the region have implemented, and the relevant impact on the companies that want to operate in those countries.
You can see all tax benefits for renewable energy production in Latam in the pdf version.