Latin America is emerging as a green powerhouse with Brazil generating 50 GW

Latin America is emerging as a green powerhouse. With auctions already adopted throughout Latin America, Rystad Energy expects the region’s 49 GW of renewable capacity will skyrocket to 123 GW by 2025, with one the biggest increases coming from Brazil. Brazil has generated a mammoth 50 GW. With prices dropping to the mid-$20’s per MWh, and even as low as $18 per MWh in Brazil, auctions are likely to move forward in most countries despite pandemic-related delays.

Source: Oilprice.com