What is RELAC?
RELAC stands for "REnovables in Latin America and the Caribbean". RELAC was created at the end of 2019, within the framework of the United Nations Climate Action Summit, with the objective of reaching at least 70% of renewable energy participation in the regions electricity matrix by 2030. RELAC is a regional initiative with 15 member countries, the only one of its kind in the context of Latin America and the Caribbean. For the first time, a group of countries in the region voluntarily agrees to promote renewables with: (1) a concrete goal; (2) a monitoring scheme; and (3) an operating structure designed to support countries in the process.
Guatemala reaffirms commitment to 70% renewables by 2030 at UN High-Level Dialogue
Bolivia ratifies RELAC target of 39% renewables by 2030 at UN High-Level Dialogue
Accelerate the carbon neutrality of electricity systems in the Latin American and Caribbean (LAC) region, improving the resilience, competitiveness and sustainability of the sector, generating green jobs sustainability of the sector, generating green jobs, improving air quality, and improving air quality and the health effects of its citizens.
The "REnovables in Latin America and the Caribbean" (RELAC) initiative was created in 2019 during the Climate Action Summit before the Secretary General of the United Nations (UN).
Achieve a regional target of at least 70% Renewable Energy penetration in LAC by 2030.
With a starting point of 2019, achieve a regional target of at least 70% renewable energy penetration in Latin America and the Caribbean by 2030.
Electric power generation LAC
Installed capacity for electricity generation LAC
- Electric power generation LAC
- Hydro: 45.2%
- Aeolica: 6.0%
- Renewable thermal: 5.2%
- Solar: 1.5%
- Geothermal: 0.7%
- Installed capacity for electricity generation LAC
- Hydro: 44.7%
- Aeolica: 6.5%
- Renewable thermal: 4.6%
- Solar: 3.1%
- Geothermal: 0.4%
RELAC brings together the main agencies supporting energy transition in the region
Contributions from RELAC
Identification of technical assistance needs
Dissemination of best practices
Optimization of work with agencies to increase RE participation
Regulatory and Institutional Frameworks
Proposals for the adoption of regulatory and institutional models
Market mechanisms and business models to facilitate private sector participation.
Exchange of lessons learned among countries
Financing Schemes for Generation & Transmission Expansion Plans
Channeling of climate finance resources.
Co-financing with agencies
Climate action platform
Tracking climate targets for the energy sector
Alignment of power sector objectives with NDCs