REnewables in LAtin America and the Caribbean
By 2030, at least 80% of electricity generation in Latin America and the Caribbean must come from renewable sources.
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.
The Global Energy Alliance for People and Planet (GEAPP) joins the RELAC initiative
Bolivia ratifies RELAC target of 39% renewables by 2030 at UN High-Level Dialogue
Common objective
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.
Origin
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).
Specific Target
Achieve a regional target of at least 70% Renewable Energy penetration in LAC by 2030.
Specific goal
With 2019 as a starting point, to achieve a regional target of at least 73% in installed capacity and 80% in electricity generation from Renewable Energy in RELAC countries by 2030.
Electric power generation RELAC
2019
Total
389,910 GWh
Renewable (58%)
257,110 GWh
Installed capacity for electricity generation RELAC
2019
Total
115,210 MW
Renewable (66%)
69,475 MW
- Electric power generation RELAC
- Hydro: 77.35%
- Aeolica: 10.30%
- Renewable thermal: 8.46%
- Solar: 2.86%
- Geothermal: 1.03%
- Installed capacity for electricity generation RELAC
- Hydro: 75.38%
- Aeolica: 10.97%
- Renewable thermal: 7.83%
- Solar: 5.18%
- Geothermal: 0.64%
- Electric power generation RELAC
- Hydro: 79.44%
- Aeolica: 7.47%
- Renewable thermal: 4.08%
- Solar: 7.29%
- Geothermal: 1.73%
- Installed capacity for electricity generation RELAC
- Hydro: 67.34%
- Aeolica: 11.41%
- Renewable thermal: 4.91%
- Solar: 15.25%
- Geothermal: 1.9%
Partner Agencies
RELAC brings together the main agencies supporting energy transition in the region
Leader of the Technical Secretariat
Monitoring Leader
Contributions from RELAC
Agency Coordination
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
Financial Matchmaking
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
