{"id":8446,"date":"2024-02-08T17:41:50","date_gmt":"2024-02-08T23:41:50","guid":{"rendered":"https:\/\/grupoindustronic.com\/?p=8446"},"modified":"2024-02-09T11:17:58","modified_gmt":"2024-02-09T17:17:58","slug":"renewable-energy-trends-2024","status":"publish","type":"post","link":"https:\/\/grupoindustronic.com\/en\/renewable-energy-trends-2024\/","title":{"rendered":"Renewable Energy Trends 2024"},"content":{"rendered":"<p>From diversification of sources to the integration of emerging technologies, Latin America is undergoing a transformation in its energy infrastructure. 2024 begins with a promising outlook for the region in terms of renewable energy. This article highlights four key trends that are shaping the region&#8217;s renewable future.<\/p>\n<h2><span style=\"font-size: 16pt;\">Scaling up renewable energies<\/span><\/h2>\n<p>The United Nations Annual Conference on Climate Change, in its 28th edition (COP28), agreed to increase renewable energy generation threefold by 2030 to at least 11,000 GW and to improve energy efficiency twofold.<\/p>\n<p>This target is in addition to the initiatives already proposed since 2015, to limit the temperature increase to 1.5\u00b0C, caused by global warming. To achieve this goal, the Conference set a reduction in global greenhouse gas emissions by 43% by 2030 and 60% by 2035 relative to 2019 levels, and to reach net zero carbon dioxide emissions by 2050.<\/p>\n<p>Efforts must be global and local, to ensure real and effective changes in energy infrastructures.<\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-8437 size-large\" src=\"https:\/\/grupoindustronic.com\/wp-content\/uploads\/2024\/02\/energias-renovables-1024x576.jpg\" alt=\"energ\u00eda solar y energ\u00eda e\u00f3lica\" width=\"1024\" height=\"576\" srcset=\"https:\/\/grupoindustronic.com\/wp-content\/uploads\/2024\/02\/energias-renovables-1024x576.jpg 1024w, https:\/\/grupoindustronic.com\/wp-content\/uploads\/2024\/02\/energias-renovables-300x169.jpg 300w, https:\/\/grupoindustronic.com\/wp-content\/uploads\/2024\/02\/energias-renovables-768x432.jpg 768w, https:\/\/grupoindustronic.com\/wp-content\/uploads\/2024\/02\/energias-renovables-1536x864.jpg 1536w, https:\/\/grupoindustronic.com\/wp-content\/uploads\/2024\/02\/energias-renovables-2048x1152.jpg 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<h2><span style=\"font-size: 16pt;\">Increased renewable energy generation capacity<\/span><\/h2>\n<p>According to a <a href=\"https:\/\/www.iea.org\/reports\/renewable-energy-market-update-june-2023\">recent report by the International Energy Agency<\/a>, the capacity to generate renewable energies will soar by 107 gigawatts (GW) to over 440 GW in 2024. This represents the largest absolute increase in history, which will facilitate the implementation of more environmentally friendly alternatives for power generation.<\/p>\n<p>The report reiterates that approximately 87% of the global growth in renewable energy capacity in 2023-2028 (utility scale) should be stimulated by policy programs. On these government initiatives will depend the access to implement cleaner changes in the infrastructure of companies.<\/p>\n<h2><span style=\"font-size: 16pt;\">Green hydrogen is positioned as a clean alternative<\/span><\/h2>\n<p>On the other hand, the Inter-American Development Bank (IDB) and the Latin American Energy Organization (OLADE), launched the <a href=\"https:\/\/www.iadb.org\/es\/noticias\/bid-lanza-sistema-de-certificacion-de-hidrogeno-limpio-y-patrocina-declaracion-de\">CertHiLAC<\/a> project, a certification for the production of clean and low carbon hydrogen in the region. Countries such as Argentina, Bolivia, Chile, Colombia, Mexico, Panama, Paraguay, Dominican Republic, Uruguay, among others, signed a joint declaration for the implementation of this project.<\/p>\n<p>Its objective is to facilitate exports of clean hydrogen to other regions. This initiative is in addition to the commitments to accelerate the decarbonization of heavy industries in Latin America and the Caribbean.<\/p>\n<p>In addition, the aforementioned institutions prepared a guide for the implementation of this project. This includes an action plan that develops the steps to set up the system, the establishment of governance and financing strategies.<\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-8439 size-large\" src=\"https:\/\/grupoindustronic.com\/wp-content\/uploads\/2024\/02\/hidrogeno-verde-energia-limpia-1024x576.jpg\" alt=\"hidro\u0301geno verde energi\u0301a limpia\" width=\"1024\" height=\"576\" srcset=\"https:\/\/grupoindustronic.com\/wp-content\/uploads\/2024\/02\/hidrogeno-verde-energia-limpia-1024x576.jpg 1024w, https:\/\/grupoindustronic.com\/wp-content\/uploads\/2024\/02\/hidrogeno-verde-energia-limpia-300x169.jpg 300w, https:\/\/grupoindustronic.com\/wp-content\/uploads\/2024\/02\/hidrogeno-verde-energia-limpia-768x432.jpg 768w, https:\/\/grupoindustronic.com\/wp-content\/uploads\/2024\/02\/hidrogeno-verde-energia-limpia-1536x864.jpg 1536w, https:\/\/grupoindustronic.com\/wp-content\/uploads\/2024\/02\/hidrogeno-verde-energia-limpia-2048x1152.jpg 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<h2><span style=\"font-size: 16pt;\">Energy storage and management<\/span><\/h2>\n<p>As a result of the increase in energy consumption worldwide and, consequently, the demand for efficient energy sources, a growing demand for energy storage is also anticipated. In addition, the transition to renewable energies is <a href=\"https:\/\/www.precedenceresearch.com\/energy-storage-systems-market\">favoring the growth of this market worldwide<\/a>.<\/p>\n<p>In this respect, energy storage plays a key role, as it can act as a reserve or as an alternative source of electricity, compensating for both generation and demand. Experts believe that energy storage systems can moderate congestion problems in power transmission networks and postpone investments in transmission and distribution infrastructure, among other functions.<\/p>\n<p>For its part, the International Development Bank developed an <a href=\"https:\/\/publications.iadb.org\/es\/incorporacion-de-almacenamiento-de-energia-en-los-sistemas-electricos-experiencias-internacionales\">analysis of the main elements<\/a> that can favor the implementation of these systems in Latin America. Within this regulatory framework, the definition and treatment of the term &#8220;storage&#8221; should be included, as well as the consideration of the conditions of access and connection to the grid, in addition to the permits and authorizations for the development of this type of projects, among other points.<\/p>\n<h2><span style=\"font-size: 14pt;\">What measures will your company take?<\/span><\/h2>\n<p>In conclusion, this year could make a transcendental difference in the transition to renewable energies, if the initiatives proposed by the corresponding entities are taken into account. Today there are several clean alternatives that are just as efficient as those produced by fossil fuels. The decision is up to each one of us.<\/p>\n<p>Industronic has a <a href=\"https:\/\/grupoindustronic.com\/en\/solar-energy\/\">Solar division<\/a>, which allows you to implement photovoltaic systems, to contribute to the goals set worldwide. Also, within its catalog of energy quality solutions is the <a href=\"https:\/\/grupoindustronic.com\/en\/product-category\/power-monitor\/\">Power Monitor<\/a>. This device allows you to monitor the behavior of your energy consumption and detect electrical problems.<\/p>\n<p>Moreover, you will soon be able to find an Energy Storage System (BESS) among our Industronic solutions.<\/p>\n<p><a href=\"https:\/\/grupoindustronic.com\/en\/product\/panel-solar-qcell\/#cotizacion\"><img decoding=\"async\" class=\"alignnone wp-image-8451 size-large\" src=\"https:\/\/grupoindustronic.com\/wp-content\/uploads\/2024\/02\/CTA-solar-power-1024x576.jpg\" alt=\"solar power supplier\" width=\"1024\" height=\"576\" srcset=\"https:\/\/grupoindustronic.com\/wp-content\/uploads\/2024\/02\/CTA-solar-power-1024x576.jpg 1024w, https:\/\/grupoindustronic.com\/wp-content\/uploads\/2024\/02\/CTA-solar-power-300x169.jpg 300w, https:\/\/grupoindustronic.com\/wp-content\/uploads\/2024\/02\/CTA-solar-power-768x432.jpg 768w, https:\/\/grupoindustronic.com\/wp-content\/uploads\/2024\/02\/CTA-solar-power-1536x864.jpg 1536w, https:\/\/grupoindustronic.com\/wp-content\/uploads\/2024\/02\/CTA-solar-power-2048x1152.jpg 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>From diversification of sources to the integration of emerging technologies, Latin America is undergoing a transformation in its energy infrastructure. 2024 begins with a promising outlook for the region in&#8230;<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[247],"tags":[],"class_list":["post-8446","post","type-post","status-publish","format-standard","hentry","category-energy"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Renewable Energy Trends 2024 | Grupo Industronic<\/title>\n<meta name=\"description\" content=\"Learn about the trends that will be setting the tone for renewable energies in Latin America and the Caribbean, in 2024\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/grupoindustronic.com\/en\/renewable-energy-trends-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Renewable Energy Trends 2024\" \/>\n<meta property=\"og:description\" content=\"Learn about the trends that will be setting the tone for renewable energies in Latin America and the Caribbean, in 2024\" \/>\n<meta property=\"og:url\" content=\"https:\/\/grupoindustronic.com\/en\/renewable-energy-trends-2024\/\" \/>\n<meta property=\"og:site_name\" content=\"Grupo Industronic\" \/>\n<meta property=\"article:publisher\" 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