Clean energy groups in the Americas are upbeat about their growth prospects, even at a time when the US is rowing back on a swath of climate commitments and redoubling support for its domestic oil and gas industry.
Consumer demand, abundant natural resources and price competitiveness will help keep the market buoyant, especially south of the US border, say analysts.
Favourable regulation, coupled with tax incentives and a decline in the cost of renewable technologies, has helped accelerate the sector in recent years across the Americas.
In the US, the generating capacity of wind and solar energy has more than tripled over the past decade, making the two zero-emission resources the country’s fastest-growing source of electricity.
Feeding this momentum is a pipeline of large-scale projects in the region that offers a buffer against any abrupt slowdown in US investment, says Paulo Morais, executive director at Peers, a Brazilian…
