The Economic Impact of Renewable Energy Investments in South America
As global concerns about climate change and energy security intensify, countries across South America are increasingly investing in renewable energy sources such as wind,
This article studies the advances in wind energy implementation in South America, highlighting progress and experiences in these issues through a review of the scientific literature considering the year 2023.
Research and development (R&D) studies/projects carried out by the universities for the implementation of wind energy in South America. According to Figure 16, it is shown that the main topic linked to the studies/research projects regarding wind energy by universities is the integration of wind energy in smart grids (IWESG) with 22 repetitions.
Finally, it is possible to mention that the vast majority of South American countries have promoted the implementation of wind energy to diversify their energy matrix and not depend on conventional renewable energy from hydroelectric plants, due to droughts and changes in patterns of precipitation in the region due to climate change.
Considering the strong implementation of off-shore wind energy in Europe and China, approximately 56 GW of power capacity has been installed around the world . In this sense, three decades after the first off-shore wind farm was built, South America currently does not have this kind of clean energy facility .
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