We are pleased to launch the Initiative for Mitigating Pollution and Climate Threats (IMPACT), an ITA-led, all of government approach to bolster clean tech cooperation with the Southern Cone of Latin America, including by advancing exports of U.S. technology, products, and services. As the Southern Cone invests tens of billions into their climate goals and sets the standards for regional deployments across Latin America, IMPACT seeks to position the U.S. as its closest partner for market development and regulatory cooperation, including by introducing U.S. solutions to Southern Cone government and industry leaders. IMPACT will feature a high level Trade Mission to the U.S. in September, 2024 and a U.S. Trade Mission taking U.S. companies to the Southern Cone in August, 2025.
To that end, the U.S. Commercial Service is featuring presentations by industry and government experts, via a unique webinar series, to introduce U.S. industry to IMPACT and Southern Cone markets. Don’t miss the opportunity to be a part of IMPACT and learn more about the opportunities below during the following webinars:
June 6, 2024 | 11:00am EST | Virtual
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Argentina has built nearly 200 cleantech power generation projects with a capacity of 5.2 gigawatts. To meet its COP26 commitment of increasing the share of renewables in the energy matrix to 20% by 2025, Argentina seeks to expand investment by USD $20-27 billion. Argentina has secured a loan from the IDB for USD $1.1 billion for power sector network infrastructure expansion.
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Chile is set to retire all coal plants by 2040. Power generation market ruled by free competition. Power generation production potential from renewable sources: 5,000 Terawatt-hours per annum. Market potential for wind: 40,000 MW. Highest solar irradiance in the Western Hemisphere. Government striving to be compliant with FTA environmental protection provisions.
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Paraguay has a 2021-2040 power generation masterplan which includes the construction of new power-generation plants; the life extension, modernization and increase of generation capacity of the Acaray Hydroelectric Power Plant; and construction of nineteen new small-hydro power plants; new energy storage facilities and solar parks.
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Uruguay is a global leader in clean energy generation, with over 90% of its electricity generated from renewable sources. Uruguay seeks to double its renewable energy generation capacity and update its now aging solar, hydro and wind assets, including with a $500 million IDB loan. Uruguayan companies also play an important regional role around Latin America, leading project development in other markets.
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IMPACT Webinar 1: Power Generation & Environmental Technologies
Date/Time: June 6, 2024 at 11:00am EST
Cost: $50
June 13, 2024 | 1:00pm EST | Virtual
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Argentina is seeking to accelerate country-wide smart-meter adoption and implementation, the digitalization of power networks, and advance the integration of energy distributors with transporters.
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Chile is poised to become the second-largest battery market in the Americas. Chile currently has 85 energy storage projects, totaling 6.4 GW in various stages of development, with several of them going online in the 2024-2026 timeframe.
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Paraguay is constructing new compact substations within the existing energy grid to reduce the environmental impact of electrical installations in populated areas, and implementing a state-of-the-art contingency control scheme to ensure the safe operation of the National Interconnected System, with the Itaipú and Yacyretá Power Plants.
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Uruguay is currently leveraging its robust wind and solar resources and is sourcing cutting-edge battery storage and smart grid technologies. Uruguay is seeking to enhance grid stability, mitigate intermittencies, and optimize energy distribution as well as develop new grid infrastructure to support new investments.
IMPACT Webinar 2: Smart Grid & Energy Storage Technologies
Date/Time: June 13, 2024 at 1:00pm EST
Cost: $50
June 27, 2024 | 1:00pm EST | Virtual
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Argentina has potential to produce +8 million tons of green hydrogen per year. The government projects to reach $15 billion in hydrogen exports by year 2050.
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Chile aims at developing electrolysis capacity worth 5GW by 2025, as precursor to becoming a world hydrogen exporter by 2030 with an estimated production of 25 GW. Further, it seeks to achieve 100% of zero-emission vehicle sales, to include urban transport buses and taxis by 2035, and heavy-duty trucks and intercity buses by 2045.
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Uruguay is currently advancing an ambitious decarbonization strategy and has already announced projects projected to cost over $10 billion in hydrogen, e-fuels and sustainable transportation. The initial phase is expected to be followed by a second stage featuring projects worth $18 billion, by 2040.
IMPACT Webinar 3: Hydrogen Energy & Transportation
Date/Time: June 27, 2024 at 1:00pm EST
Cost: $50
Attendees will learn about Southern Cone market and how to participate in IMPACT. Attendees will learn, firsthand, from the experts about the region’s market potential, as well as business opportunities.
You will also receive market intelligence reports on each country, produced exclusively for webinar participants, by our U.S. & Foreign Commercial Service Teams.
Learn about the September, 2024 High Level Trade Mission from the Southern Cone to the U.S. and our Clean Tech Trade Mission for U.S. companies going to the Southern Cone in August, 2025.
Join us and secure your spot today! Our Mission is to help you compete and win in the Southern Cone!
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