Iberdrola, Gamesa, Acciona and Solarpack have a formidable head start in the largely Spanish-speaking region, while expanding US giant SunEdison has recently acquired wind, solar and hydro assets from Chile to Panama through its new TerraForm Global yieldco.

China’s influence in South America is growing, after signing free-trade agreements across the continent, while simultaneously promising increase financial, technical and industrial support for renewables.