IEEE Power & Energy Magazine - September/October 2016 - 38

Latin American
Energy Markets
Investment Opportunities in
Nonconventional Renewables

L

Latin america is very rich from the point of view of its
varied energy resources, with an abundance of hydroelectric generation and large
reserves of fossil fuels. at present, although there is a general awareness of climate change issues associated with fossil fuel use, the facts show that economic
needs over the short and medium terms are the engine of technology change.
it is logical that Latin american countries with low fossil fuel resources-
chile, Uruguay, Brazil, honduras, and panama, among others-have become
pioneers in implementing nonconventional renewable energy sources (ncres).
additionally, the sustained low costs of such ncres make it strategically reasonable for these countries to adopt wind and photovoltaic generation as fundamental
elements of their energy solutions.
over the last three decades, Latin america has seen major changes in the electrical industry, from both the regulatory and energy matrix perspectives. in the
1980s, for example, chile was the first to institute electricity market deregulation,
followed by argentina in the 1990s.
while relative differences exist among the various Latin american countries in
their introduction of new-generation technologies, over the last two years changes
have begun to take place very rapidly: unquestionably, wind and solar energy are
becoming a reality and will experience significant growth over the next five years.
today, the penetration level is very high in some countries, and their projections are

By Alberto Vargas,
Osvaldo R. Saavedra,
Mauricio E. Samper, Sergio Rivera,
and Rodrigo Rodriguez
Digital Object Identifier 10.1109/MPE.2016.2573862
Date of publication: 17 August 2016

38

ieee power & energy magazine

1540-7977/16©2016IEEE

september/october 2016



Table of Contents for the Digital Edition of IEEE Power & Energy Magazine - September/October 2016

IEEE Power & Energy Magazine - September/October 2016 - Cover1
IEEE Power & Energy Magazine - September/October 2016 - Cover2
IEEE Power & Energy Magazine - September/October 2016 - 1
IEEE Power & Energy Magazine - September/October 2016 - 2
IEEE Power & Energy Magazine - September/October 2016 - 3
IEEE Power & Energy Magazine - September/October 2016 - 4
IEEE Power & Energy Magazine - September/October 2016 - 5
IEEE Power & Energy Magazine - September/October 2016 - 6
IEEE Power & Energy Magazine - September/October 2016 - 7
IEEE Power & Energy Magazine - September/October 2016 - 8
IEEE Power & Energy Magazine - September/October 2016 - 9
IEEE Power & Energy Magazine - September/October 2016 - 10
IEEE Power & Energy Magazine - September/October 2016 - 11
IEEE Power & Energy Magazine - September/October 2016 - 12
IEEE Power & Energy Magazine - September/October 2016 - 13
IEEE Power & Energy Magazine - September/October 2016 - 14
IEEE Power & Energy Magazine - September/October 2016 - 15
IEEE Power & Energy Magazine - September/October 2016 - 16
IEEE Power & Energy Magazine - September/October 2016 - 17
IEEE Power & Energy Magazine - September/October 2016 - 18
IEEE Power & Energy Magazine - September/October 2016 - 19
IEEE Power & Energy Magazine - September/October 2016 - 20
IEEE Power & Energy Magazine - September/October 2016 - 21
IEEE Power & Energy Magazine - September/October 2016 - 22
IEEE Power & Energy Magazine - September/October 2016 - 23
IEEE Power & Energy Magazine - September/October 2016 - 24
IEEE Power & Energy Magazine - September/October 2016 - 25
IEEE Power & Energy Magazine - September/October 2016 - 26
IEEE Power & Energy Magazine - September/October 2016 - 27
IEEE Power & Energy Magazine - September/October 2016 - 28
IEEE Power & Energy Magazine - September/October 2016 - 29
IEEE Power & Energy Magazine - September/October 2016 - 30
IEEE Power & Energy Magazine - September/October 2016 - 31
IEEE Power & Energy Magazine - September/October 2016 - 32
IEEE Power & Energy Magazine - September/October 2016 - 33
IEEE Power & Energy Magazine - September/October 2016 - 34
IEEE Power & Energy Magazine - September/October 2016 - 35
IEEE Power & Energy Magazine - September/October 2016 - 36
IEEE Power & Energy Magazine - September/October 2016 - 37
IEEE Power & Energy Magazine - September/October 2016 - 38
IEEE Power & Energy Magazine - September/October 2016 - 39
IEEE Power & Energy Magazine - September/October 2016 - 40
IEEE Power & Energy Magazine - September/October 2016 - 41
IEEE Power & Energy Magazine - September/October 2016 - 42
IEEE Power & Energy Magazine - September/October 2016 - 43
IEEE Power & Energy Magazine - September/October 2016 - 44
IEEE Power & Energy Magazine - September/October 2016 - 45
IEEE Power & Energy Magazine - September/October 2016 - 46
IEEE Power & Energy Magazine - September/October 2016 - 47
IEEE Power & Energy Magazine - September/October 2016 - 48
IEEE Power & Energy Magazine - September/October 2016 - 49
IEEE Power & Energy Magazine - September/October 2016 - 50
IEEE Power & Energy Magazine - September/October 2016 - 51
IEEE Power & Energy Magazine - September/October 2016 - 52
IEEE Power & Energy Magazine - September/October 2016 - 53
IEEE Power & Energy Magazine - September/October 2016 - 54
IEEE Power & Energy Magazine - September/October 2016 - 55
IEEE Power & Energy Magazine - September/October 2016 - 56
IEEE Power & Energy Magazine - September/October 2016 - 57
IEEE Power & Energy Magazine - September/October 2016 - 58
IEEE Power & Energy Magazine - September/October 2016 - 59
IEEE Power & Energy Magazine - September/October 2016 - 60
IEEE Power & Energy Magazine - September/October 2016 - 61
IEEE Power & Energy Magazine - September/October 2016 - 62
IEEE Power & Energy Magazine - September/October 2016 - 63
IEEE Power & Energy Magazine - September/October 2016 - 64
IEEE Power & Energy Magazine - September/October 2016 - 65
IEEE Power & Energy Magazine - September/October 2016 - 66
IEEE Power & Energy Magazine - September/October 2016 - 67
IEEE Power & Energy Magazine - September/October 2016 - 68
IEEE Power & Energy Magazine - September/October 2016 - 69
IEEE Power & Energy Magazine - September/October 2016 - 70
IEEE Power & Energy Magazine - September/October 2016 - 71
IEEE Power & Energy Magazine - September/October 2016 - 72
IEEE Power & Energy Magazine - September/October 2016 - 73
IEEE Power & Energy Magazine - September/October 2016 - 74
IEEE Power & Energy Magazine - September/October 2016 - 75
IEEE Power & Energy Magazine - September/October 2016 - 76
IEEE Power & Energy Magazine - September/October 2016 - 77
IEEE Power & Energy Magazine - September/October 2016 - 78
IEEE Power & Energy Magazine - September/October 2016 - 79
IEEE Power & Energy Magazine - September/October 2016 - 80
IEEE Power & Energy Magazine - September/October 2016 - 81
IEEE Power & Energy Magazine - September/October 2016 - 82
IEEE Power & Energy Magazine - September/October 2016 - 83
IEEE Power & Energy Magazine - September/October 2016 - 84
IEEE Power & Energy Magazine - September/October 2016 - 85
IEEE Power & Energy Magazine - September/October 2016 - 86
IEEE Power & Energy Magazine - September/October 2016 - 87
IEEE Power & Energy Magazine - September/October 2016 - 88
IEEE Power & Energy Magazine - September/October 2016 - 89
IEEE Power & Energy Magazine - September/October 2016 - 90
IEEE Power & Energy Magazine - September/October 2016 - 91
IEEE Power & Energy Magazine - September/October 2016 - 92
IEEE Power & Energy Magazine - September/October 2016 - Cover3
IEEE Power & Energy Magazine - September/October 2016 - Cover4
https://www.nxtbook.com/nxtbooks/pes/powerenergy_091020
https://www.nxtbook.com/nxtbooks/pes/powerenergy_070820
https://www.nxtbook.com/nxtbooks/pes/powerenergy_050620
https://www.nxtbook.com/nxtbooks/pes/powerenergy_030420
https://www.nxtbook.com/nxtbooks/pes/powerenergy_010220
https://www.nxtbook.com/nxtbooks/pes/powerenergy_111219
https://www.nxtbook.com/nxtbooks/pes/powerenergy_091019
https://www.nxtbook.com/nxtbooks/pes/powerenergy_070819
https://www.nxtbook.com/nxtbooks/pes/powerenergy_050619
https://www.nxtbook.com/nxtbooks/pes/powerenergy_030419
https://www.nxtbook.com/nxtbooks/pes/powerenergy_010219
https://www.nxtbook.com/nxtbooks/pes/powerenergy_111218
https://www.nxtbook.com/nxtbooks/pes/powerenergy_091018
https://www.nxtbook.com/nxtbooks/pes/powerenergy_070818
https://www.nxtbook.com/nxtbooks/pes/powerenergy_050618
https://www.nxtbook.com/nxtbooks/pes/powerenergy_030418
https://www.nxtbook.com/nxtbooks/pes/powerenergy_010218
https://www.nxtbook.com/nxtbooks/pes/powerenergy_111217
https://www.nxtbook.com/nxtbooks/pes/powerenergy_091017
https://www.nxtbook.com/nxtbooks/pes/powerenergy_070817
https://www.nxtbook.com/nxtbooks/pes/powerenergy_050617
https://www.nxtbook.com/nxtbooks/pes/powerenergy_030417
https://www.nxtbook.com/nxtbooks/pes/powerenergy_010217
https://www.nxtbook.com/nxtbooks/pes/powerenergy_111216
https://www.nxtbook.com/nxtbooks/pes/powerenergy_091016
https://www.nxtbook.com/nxtbooks/pes/powerenergy_070816
https://www.nxtbook.com/nxtbooks/pes/powerenergy_050616
https://www.nxtbook.com/nxtbooks/pes/powerenergy_030416
https://www.nxtbook.com/nxtbooks/pes/powerenergy_010216
https://www.nxtbook.com/nxtbooks/ieee/powerenergy_010216
https://www.nxtbook.com/nxtbooks/pes/powerenergy_111215
https://www.nxtbook.com/nxtbooks/pes/powerenergy_091015
https://www.nxtbook.com/nxtbooks/pes/powerenergy_070815
https://www.nxtbook.com/nxtbooks/pes/powerenergy_050615
https://www.nxtbook.com/nxtbooks/pes/powerenergy_030415
https://www.nxtbook.com/nxtbooks/pes/powerenergy_010215
https://www.nxtbook.com/nxtbooks/pes/powerenergy_111214
https://www.nxtbook.com/nxtbooks/pes/powerenergy_091014
https://www.nxtbook.com/nxtbooks/pes/powerenergy_070814
https://www.nxtbook.com/nxtbooks/pes/powerenergy_050614
https://www.nxtbook.com/nxtbooks/pes/powerenergy_030414
https://www.nxtbook.com/nxtbooks/pes/powerenergy_010214
https://www.nxtbookmedia.com