Accelerated Energy Storage Deployment in RELAC Countries

"Renewables in Latin America and the Caribbean" or RELAC is a regional initiative across Latin America and the Caribbean (LAC) that 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 installed capacity, and 80% of the region's total electricity generation from renewables by 2030. 16 countries are members (Barbados, Bolivia, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Haiti, Honduras, Nicaragua, Panama, Paraguay, Peru, and Uruguay), and others are in discussions to join. RELAC provides these countries with support in addressing technical and financial needs to increase renewable energy penetration, matchmaking with financial resources to support capacity building needs and implementation of RE expansion plans, and knowledge exchange via peer-learning, and best practices in renewable energy integration to the electrical grid.