4. New York, June 23rd, 2016, Francesco Starace, ENEL CEO and General
Manager at the Opening Session of UN Global Compact Leaders Summit 2016
“ … The world is rapidly changing and facing a number of immense
challenges: there are enormous disparities of opportunity and wealth among
people, while the planet is threatened by environmental degradation and
climate change. The energy sector, which is at the heart of the
UN agenda, is also undergoing a significant shift to a new
paradigm dominated by renewables and distributed
generation (DG), and this change will continue regardless of what
individual companies choose to do. This is why we have decided to swim with
the tide instead of against it: we have changed to embrace the future,
because it is only by being open to the change that this will turn into many
exciting opportunities…”
BERKANAPE.COM
7. Renewables Inves5ng by LAC Country
WABLE ENERGY MARKET ANALYSIS: LATIN AMERICA
04
USD 0.5 billion for the second consecutive year two-thirds of total renewable energy investment
USD billion
BrazilMexicoPeru Uruguay ChileHonduras
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
4.6 6.8 12.7 15.0 10.4 13.1 13.1 12.4 10.4 15.0 16.4
100%
80%
60%
40%
20%
0%
Others
Figure 4.1 Investment in renewable energy by country in Latin America, 2005-2015
Source: BNEF, 2016
Source: IRENA, 2016
Brazil is by far the largest
investor in RE
Mexico, Chile and Uruguay
have also made some RE
investments
The rest of LAC countries
have done very little
investments in RE BERKANAPE.COM
11. Conclusions of Renewables in LAC
• Huge poten5al, but remains untapped
• Clean energy and DG offer solu5ons for SME and commerce
• Clean energy requires: 1) affordable financing, 2) capable developers, 3)
smart regulators, 4) technology transfer, 5) governments’ commitment
• Berkana is:
- Aggrega5ng small projects into por0olios that are aprac5ve to ins5tu5onal
investors
- Professionalizing local engineering firms and developers
- Mobilizing local and interna5onal ins5tu5onal investors
• Global Funds and IFI’s should consider increasing its support to local FI’s,
venture and private equity funds
• The LAC opportunity in clean energy and DG is now!
BERKANAPE.COM