Climate Action 2014-2015

POWER GENERATION FOR
A SUSTAINABLE WORLD
According to World Energy Outlook
2014, the report published by the
International Energy Agency, electricity
is the fastest-growing final form of
energy. It is also contributing to the
reduction of fossil fuel use more than
any other form of energy in the global
energy matrix. Half of the newly
installed power capacity through 2040
will come from renewable energy
technologies. In Latin America, the
penetration of renewable technologies
such as onshore wind farms and
photovoltaic plants has trailed more
developed parts of the world despite
benefiting from more favourable
meteorological conditions. However,
over the last decade, the demand
growth for electricity and the drop in
equipment prices have spurred regional
momentum and governmental policy
support for such renewable forms of
energy. Countries such as Brazil, Peru,
Mexico and Uruguay have led the
way in implementing market-driven
programmes to promote the installation
of renewable technologies.
At ContourGlobal, we have successfully
developed renewable power plants in
two of the most dynamic electricity
markets in the region – Brazil and
Peru – with 712MW of wind farms
and 37MW of small hydroelectric
facilities. These projects represent
our commitment to grow well, i.e.
developing sustainable businesses
that utilise resources efficiently to
expand access to affordable energy in
underserved markets.
ENHANCING
THE OPERATING
ENVIRONMENT
We recognise that being a
leader in our industry gives us
the unique ability to impact the
regulatory and public policy
environment for our entire
sector. We are committed to:
Promoting sector
development by engaging
local governments and
regional power associations
Advocating for sector reform
priorities such as liberalisation
and transparency
"Half of the newly installed
power capacity through 2040
will come from renewable
energy technologies."
Working with government
officials to increase
effectiveness of power
services
Building capacity in emerging
countries to provide
specialised technical training
Educating our communities
on energy efficiency and
power safety
Establishing strategic
partnerships with
governments, development
organisations and NGOs.
INNOVATION AND
EFFICIENCY
We also seek opportunities in markets
where renewable options may not
make sense. In such markets we focus
on improving energy efficiency and
reducing environmental impacts
while introducing operational best
practices in the areas of health,
safety and compliance. By deploying
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