Climate Changed
No More Room for the Little Guys in Latin America’s Clean Energy Market
- International energy companies drive down power prices
- ‘It has been very hard to compete with the larger companies’
A solar power plant in Atacama desert, Chile on Jan. 22, 2017.
Photographer: Stephane De Sakutin/AFP/Getty Images
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Latin America’s booming clean energy market is attracting the world’s energy giants, which are driving down prices and squeezing out the little guys.
Smaller developers were instrumental in taking wind and solar mainstream in the region, making headlines in recent years by offering record low prices at government auctions. Now they’re getting undercut by bigger rivals like Enel SpA, AES Corp. and Iberdrola SA.