South America has a lot of sun and a lot of space, and solar energy has grown from a small player to the main driver of generation growth in several countries in the region (making their already clean grids even cleaner). Today we look at the grids of Chile, Brazil, and Colombia, all of which have already made solar a cornerstone of their generation or are working to do so in the near future.
M4E Lithium secured a $7.5M to $10M funding from industry leading Lithium Royalty Corp. (“LRC”) and the Electrification and Decarbonization fund managed by Waratah Capital Advisors (founder of LRC) The financing package includes an equity investment, a royalty purchase and an option for a strategic offtake agreement (with a buyback … [continued]
After the first part of our report (which, admittedly, was a bit underwhelming), we’re finally getting to the countries where EVs are moving fast! If you wish to read the first part of this report, you can find it here: Latin America 2023 EV Sales Report, Part 1: The Laggards (Argentina, … [continued]
Not long ago, Brazil’s BEV sales were symbolic: a fraction of a fraction. But the second half of 2023 has broken record after record, breaking all expectations and closing in on 3% BEV share in December, 700% growth YoY. As I started collecting data for the 2023 report on EV … [continued]
Following up on our Latin American EV Market series, we continue now with countries that are further ahead of the “Laggards” but can’t be considered leaders. If you haven’t read it yet, you can find the previous article here: Latin America EV Market Share Part 1. In this article, we’ll … [continued]
BYD is planning to build electric cars in India and now Brazll as part of its ambition to be the largest electric car company in the world.
BYD enters Brazil with new factory, brings an affordable EV. Big changes are coming.
When you combine Volkswagen’s size and its electrification plan, it is one of the more noteworthy stories of the electric revolution. But the electric vehicle revolution has primarily been focused on China, Europe, and the United States. We and others have long been calling for more electrification in South America. … [continued]
BYD has announced that it has finalised an agreement to land in Bahia and will build three factories simultaneously in the Camaçari complex, 50 km from Salvador. This initial investment will be around an investment of more than R$3 billion ($620 million). The complex will consist of three manufacturing units. … [continued]
Promoting renewable energy in the Global South is essential, and for several important reasons. First, countries in the Global South are often highly reliant on fossil fuels for energy production, which contributes significantly to greenhouse gas emissions and other pollutants that have harmful environmental and health impacts. By shifting to … [continued]
