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China, Latin America see great potential in clean energy cooperation: experts
Release time£º2015-11-02 15:51 Source£º

China and Latin America have great potentialto cooperate in clean energy industry, experts have said.

Latin America has "an infrastructuredeficit," especially in the area of clean energy, and China had an"excess of capacity" and the interest in investing in this areaaround the world, Stephan Mothe, an analyst for Euromonitor International, amarket intelligence firm, said in a recent interview with Xinhua.

The Asian giant has carried out numerousprojects across its territory, including hydroelectric stations, solar panels,wind farms and transmission lines in a bid to carry their output to China'spopulous cities.

Beijing's interest in investing in renewableenergy abroad can be supported by the moves of Chinese companies such as ChinaEnergy Engineering Group Co. Ltd (CEEG), which entered Latin America in 2010and already has 20 projects in the region.

With investments of around 8 billion U.S.dollars in Latin America, the CEEG projects are helping these countries developclean energy and mitigate greenhouse gas emissions.

Since 2011, CEEG has been developingSopladora hydroelectric plant in Ecuador with a total installed capacity of 487megawatts.

In Peru, the China Three Gorges Corporation,which oversees the building of the Three Gorges Dam project in China, announcedin May that it was carrying out a study to analyze Peru's water resources aftersigning an agreement with the Ministry of Energy and Mines.

This agreement will also let it analyzemethods to develop renewable energy, mainly hydro projects, to supply Peruvianmining companies.

Brazil stands out as it has had one of theworld's cleanest energy models since the 1970s but it still faces problems tobring that energy to consumers.

According to a study conducted in October byANEEL, Brazil's electricity regulatory agency, nearly 63 percent of all worksto build new transmission lines in the country are delayed, which has causedmassive delays in connecting new wind farms and small hydro plants to the grid.

This is where State Grid Corporation ofChina, an experienced provider of transmission grids, can be of help, accordingto Ricardo Correa, an analyst for Ativa Corretora, a Brazilian financialservice company.

State Grid's largest contribution will be tobuild and operate two long transmission lines, connecting various parts ofBrazil to the Belo Monte Dam, a mammoth hydroelectric plant to be opened in2019 in the state of Para in northern Brazil.

State Grid will use its own transmissionlines, one of them as long as 2,100 km, and deploy the latest ultra-hightechnology that can allow electricity to be transmitted continuously for 800km.

Ramon Haddad, vice president for operationsand maintenance at State Grid Brazil Holding, said he believes this system willreduce energy losses by 3.5 percent every 1,000 km.

China's investments have also arrived inChile, largely through exports of solar panels, which have helped Chile developsustainable energy.

According to theGlobal Development and Environment Institute, more than half of newly licensedrenewable energy projects in Chile are solar ones for a total of 10,000megawatts and more than half of all solar panels feeding this growth have beenimported from China.