The recently released report 'Renewable energy country attractiveness index' (RECAI) from Ernst & Young gives a table of countries in order of attractiveness for renewable energy development. The report takes into account five key factors; macros fundamentals, energy imperative, policy enablement, project delivery and technology potential.
Leading the table are the US (1st), China (2nd) and India (3rd) - However there are also strong contenders coming from the 'emerging markets', particularly across the US border in South America. Chile, Mexico and Brazil are all ripe for development and in the top 10 and Argentina is the highest new entry at number 18.
The highest Latin American country is Chile at number four and the growth of renewable energy development has been notable across the market, with the ALLEN & YORK LATAM team seeing a rise in demand for energy professionals across the region. The team are currently working with global wind developers to recruit for growing teams across the region with current roles such as; Wind Site & Installation Manager, Electrical Engineer (Wind) and Project Managers, across Chile.
The growth of renewable energy in Chile have been spurred on by the government's targets of 70% of the country's electricity supplied by renewable energy by 2050. Projects look set to continue with Bloomberg New Energy Finance forecasting at least 4.7GW of renewable capacity to be added in the next 3 years.