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The U.S. and Canada continue to lead smart grid development in the Americas (and have by far the most installed capacity), according to a new report by GBI Research. But a growing need to integrate renewable energy has pushed several — but not all — South American countries to step up their grid modernization efforts. The GBI report covers nine power markets: the U.S., Canada, Colombia, Brazil, Mexico, Argentina, Chile, Peru and Venezuela. The report forecasts trends for the period 2010-2020 and notes that economic growth will fuel more demand for power and, of course, the need for more generation. And more transmission infrastructure will be needed to ease congestion, connect new power plants to the grid and integrate a higher mix of renewable energy which most countries have targeted. Overall, wind and solar markets are expected to see significant growth driven primarily by government tax credits and renewable portfolio standards. However, the report says, Peru and Colombia are well behind the other countries in renewable power development because of their heavy dependence on hydropower.
Quick Take: That the U.S. and Canada are in the lead for grid modernization isn't a surprise, but it's interesting to consider the business opportunities that could become available as countries like Chile, Argentina, Mexico and Brazil step up their efforts.
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