ACCIONA’s Post

LATAM...the silent giant. Latin America is rapidly emerging as a critical player in the global economy, particularly in the fields of renewable energy, sustainability, and technology, despite often being considered part of the "developing world." Countries like Brazil, Chile, and Argentina are leading the charge in renewable energy, harnessing abundant natural resources to power growth. Brazil, for instance, generates over 90% of its electricity from renewable sources, mainly hydropower and solar energy, while Chile has made significant strides in solar energy and green hydrogen production according to the World Economic Forum and data from RSM Global. In addition to their energy advances, these countries are also home to some of the world's largest lithium reserves, crucial for the production of electric vehicle batteries. Argentina and Chile, in particular, are becoming key players in this sector, setting the stage for future economic growth driven by the global transition to green energy. Moreover, the technological innovation seen in sectors like agriculture and fintech is positioning countries like Brazil and Mexico as silent giants. These nations are attracting significant foreign investments through reforms that promote renewable energy, nearshoring, and digital transformation. These advancements demonstrate that Latin America, often underestimated, is becoming a key player in the global shift toward sustainability and technological innovation. Are you doing business in LATAM? Let's talk! #latam #businessgrowth #internationalbusinesses #greenenergy #renewableenergy #businessdevelopment #latinoamerica #negocios

ICYMI: During the fifth European Energy Investment Forum in Uruguay, Commissioner Simson emphasized the cooperation between the EU and Uruguay in developing green hydrogen and advancing the #energytransition. L’article Commissioner Simson highlights the importance of green hydrogen in the energy transition between the EU and Uruguay est apparu en premier sur energynews.

The #UK and Chilean governments have recently unveiled a partnership aimed at boosting financing for green #hydrogen projects. The collaboration is set to drive significant investment into Chile's burgeoning renewable energy sector. This marks a critical step in the global transition to sustainable energy sources, positioning both nations as key players in the clean energy revolution. Green hydrogen is set to play a key role in achieving this goal and the Chilean government has already committed $50m towards the development of its #green hydrogen sector, and the newly signed agreement with the UK is expected to provide an additional boost. Click here to read more.... #renewableenergy #climatechange #sustainablefuture #decarbonisation #netzero #iea #irena #chile #investment #LatAm

🔋 Cambridge Institute for Sustainability Leadership (CISL) Africa’s latest policy brief, “Africa’s Gas Road to Nowhere: South Africa’s Policy Debate on Using Gas to Accelerate the Energy Transition,” cautions that scaling back on renewables in favour of gas threatens the country’s long-term sustainability goals. Simon Baloyi, CEO of Sasol, in a recent conversation with Business Day highlighted the need for South Africa to seriously consider hydrogen as an energy source. He said that "there's space for hydrogen" and underscored the importance of leveraging both grey and green hydrogen to catalyse the country’s energy market. 💵 Simon also noted that while the current hydrogen price is a barrier, it is expected to decrease as the market evolves, with South Africa well-positioned to lead the hydrogen revolution. With the potential to drive the hydrogen economy, not just domestically but across the African energy market, how can South Africa accelerate the adoption of this and other renewable energy sources to build a robust ecosystem that supports its energy transition? 💬 Join the conversation. 📚 Read the brief here https://lnkd.in/g7UaWGSZ #HydrogenEconomy #EnergyTransition #SouthAfrica #RenewableEnergy #SustainableFuture #Innovation

Recent client discussions continue to highlight the region's evolving focus on renewable energy. The 8th #ASEAN #EnergyOutlook2024 offers valuable insights into the energy landscape, presenting opportunities and challenges for international investors and banks. Interesting to see new technologies for Southeast Asia emerging in our discussions (including offshore wind and green hydrogen) Key Macroeconomic Trends: - Rising Energy Demand: Southeast Asia's energy demand is set to rise significantly due to urbanization and economic growth, emphasizing the need for investments in energy infrastructure and innovative solutions. - Energy Security Concerns: Geopolitical tensions underscore the importance of energy resilience and sustainability, driving countries to prioritize energy diversification and local resource development. - Decarbonization Efforts: The region is progressing towards decarbonization with ambitious renewable energy targets and policies, offering opportunities for investors in supporting low-carbon projects. - Investment in Clean Technologies: Clean and emerging technologies like solar, wind, hydrogen, and carbon capture present lucrative investment prospects, contributing to the region's energy transition. - Policy and Regulatory Frameworks: Effective policies and regulatory environments are essential for attracting energy investments, with governments in Southeast Asia working on creating favorable conditions for investors. Stay tuned for more high level insights on specific key markets in the following days. The report holds in-depth information that warrants further conversation. Are governments succeeding in creating conducive investment environments? #hogenlovells #EnergyTransition #SustainableInvestment #ASEANEnergy #RenewableEnergy #ProjectFinance #CleanEnergy #EnergySecurity #InvestmentOpportunities #Philippines #Indonesia #Vietnam #Malaysia #greenhydrogen

During the fifth European Energy Investment Forum in Uruguay, Commissioner Simson emphasized the cooperation between the EU and Uruguay in developing green hydrogen and advancing the #energytransition. L’article Commissioner Simson highlights the importance of green hydrogen in the energy transition between the EU and Uruguay est apparu en premier sur energynews.

The European Commission, along with Spain, Lithuania, and Austria, has announced an exciting new initiative to boost renewable hydrogen development through the European Hydrogen Bank's 'Auctions-as-a-Service' scheme. This innovative approach, set to launch its second auction on December 3rd, will provide up to €1.2 billion in support to renewable hydrogen producers within the European Economic Area (EEA), significantly de-risking investments and fostering a robust market for clean hydrogen. This move not only underscores the EU's commitment to a sustainable future but also highlights the collaborative efforts of member states in driving forward the green energy transition. This announcement marks a pivotal moment for the hydrogen sector, paving the way for increased investment and innovation in clean energy projects. By leveraging public support to mitigate financial risks, the scheme is expected to attract substantial private investment, accelerating the deployment of renewable hydrogen technologies across Europe. As the world grapples with the urgent need to reduce carbon emissions, initiatives like this are crucial in ensuring a greener, more sustainable future, making it an exciting time for stakeholders and investors in the hydrogen economy! #HydrogenEconomy #CleanEnergy #SustainableFuture #GreenInvestment #RenewableHydrogen #EUInitiative #EnergyTransition #ClimateAction #Innovation #GreenTech https://lnkd.in/e-TXXdpi

🌿 Exciting News Alert ! The @Inter-American Development Bank (IDB) is backing Chile's green hydrogen industry with a whopping $400 million loan! 💰 This move aims to boost private investment in green hydrogen projects, expand public resources, and drive domestic demand. 📈 The loan agreement was signed at the IDB Governors Assembly in the Dominican Republic, marking Chile as the first country in the region to receive such support for its green hydrogen sector. 🌍 Green hydrogen, produced from renewable energy sources, is set to play a pivotal role in decarbonizing global economies. 🌱 Chile's natural advantages in renewable energy make it a prime candidate for leading this transition. Stay tuned as Chile pioneers the way forward in sustainable energy! #GreenHydrogen #SustainableFuture 🌍💡

Following the first panel where we explored the role of government in setting up the foundations for sustainable financing, we have continued in the same tone. Next panel Powering Forward: Government’s Key Role in Renewable Energy Transition, organised in collaboration with the EBRD focused on the critical role governments have in the renewable energy transition. Our esteemed panellists Daniel Lancha, Partner at Alcazar Energy Partners, Matteo Colangeli, Director and Regional Head of Western Balkans at EBRD, Jovana (Tovarović) Joksimović, Assistant Minister for EU integration & International Cooperation, Min. of Mining & Energy of Serbia Saša Mujović, Minister of Energy and Mining of Montenegro and Maja Turkovic, Executive Vice President, CWP Europe, part of CWP Global, with the help of moderator Duško Krsmanović, Head of the Western Balkans and Central and Eastern Europe, UK Export Finance explored this crucial topic for the regional sustainable development. The panellists discussed how governmental support can speed up the adoption of renewable energy technologies across Adria and key strategies to integrate renewables into national energy systems. Further, they highlighted the role of international partnership like the EBRD in supporting sustainable energy projects for solar, wind, and hydroelectric power. Some key conclusions: 👉Reaching net-zero by 2050 requires a complete shift from fossil fuels and investment in clean, affordable, accessible and renewable energy sources. 👉Private sector will be the driver of investments for much of the energy transition. 👉Governments need to find a collaboration model with the private sector to promote investments in renewables. 👉Governments should invest in infrastructure for renewables and regulatory frameworks to enable green technology proliferation. #ESG #ESGAdria #ESGAdria2024 #RenewableEnergy

🙌 Stephanie Liaw and our energy team have been working on a model to investigate energy security and future renewable #energy opportunities for #Singapore and wider ASEAN. 🔗 It is critical we invest in getting this right, understand the levers in the models to and the potential impacts. The #energytransition requires all of us