The Caribbean's first 'electrolinera' in the Dominican Republic exemplifies the private sector's commitment to the energy transition in a country aiming to significantly increase renewable generation in the coming years.
For the last two decades, there has been a boost in renewable energies in our region, initially led by Brazil, Chile and Mexico, which benefited from economies of scale when renewable energy generation costs went down and followed later by many other countries.
Abundant minerals for transition, potential in hydro, solar, and wind power, and tools from the digital revolution position the region ideally for developing future energies and reaping their benefits.
There can be no global shift to renewable energy without better storage technology. New solutions such as Battery Energy Storage Systems (BESS) are emerging in the region to help build the business case for coupling this technology with renewables.