The development of the electricity supply sector is characterised by an increasing share of renewable electricity. By 2050, 95% of the electricity produced in Latin America will come from renewable energy sources. New renewables mainly wind, solar thermal energy and PV will contribute more than 60% of electricity generation. The installed capacity of renewable energy technologies will grow from the current 139 GW to 695 GW in 2050 - increasing renewable capacity by a factor of five within the next 42 years.
Figure 6.33 shows the comparative evolution of the different renewable technologies over time. Up to 2020, hydro-power and wind will remain the main contributors to the growing market share. After 2020, the continuing growth of wind will be complemented by electricity from biomass, photovoltaics and solar thermal (CSP) energy.
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