Mexico has taken a bold step toward strengthening its renewable energy sector. According to statements by Jorge Islas, Undersecretary of Energy Planning and Transition, renewable energy companies in the country will be required to install storage batteries equivalent to 30% of their plant capacity.

Oil production in Peru reached an average of 46,804 barrels per day (b/d) in January, surpassing the 43,023 b/d of the same month in 2023 and the 44,289 b/d of December.

With an internal demand of 1,437 MW fully covered, the country also achieved an exportable surplus of 226.47 MW, helping to supply the energy deficit of other Central American countries. This achievement reaffirms Panama’s role as a key energy provider in the region and its commitment to a sustainable future.  

Electric system operators in Latin America have taken a significant step towards the energy future with the creation of the Latin American Electric Operators Network. This collaborative initiative aims to address the challenges of the energy transition, promoting more efficient, sustainable, and resilient electrical systems throughout the region.

With 60% of its installed capacity coming from renewable sources, Latin America enjoys a notable advantage in terms of availability and production costs compared to other parts of the world. Additionally, its access to both the Atlantic and Pacific Oceans facilitates direct export routes to European and Asian markets, where exponential growth in green hydrogen demand is expected in the coming years.

This revealing analysis shows the importance of correct specification during the engineering stage. Despite initially appearing more expensive, the implementation of a correctly evaluated Full Concentric Neutral can represent between $9,300 and $113,000 savings for a medium-sized project of 100,000 ft of medium voltage conductor.