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These are data presented by the Latin American Energy Organization (OLADE) in its new report on the region. The solar sector accounted for 7% of the total last year. Overall, electricity generation grew by 5.5%. The recent Latin American and Caribbean Electricity Generation Report, just published by the Latin American Energy Organization (OLADE), states that electricity generation in the region grew by 5.5% in 2024, driven mainly by the expansion of wind and solar photovoltaic plants, as well as by a greater share of natural gas in the electricity mix, it states. There, it is described that the participation of electricity generation by source was as follows: The report highlights that the growth in electricity generation last year was due mainly to the expansion of wind and solar photovoltaic plants, as well as the increased share of natural gas in the electricity mix. By country, the countries with the greatest impact on the growth of regional electricity generation are Brazil, Mexico, Argentina, Chile, and Colombia, based on the size of their energy systems and annual growth rates. Photovoltaics increases its contribution by 39.7% Regarding the percentage growth of each sources share compared to 2023, the OLADE report places photovoltaic energy at 39.7%, just behind geothermal energy (48%), and ahead of wind energy (37.3%), natural gas (7.8%), hydropower (5.9%), nuclear energy (1.2%), and bioenergy (1.7%). Meanwhile, oil and petroleum products (-58.8%) and coal (-36.9%) have seen a decrease in their share. |
