Greenlane Renewables, a global provider of renewable natural gas (RNG), is eyeing South America as a key market for growth due to its strong potential. “South America has some of the highest levels of resource availability and highest levels of growth opportunity for renewable natural gas,” stated Greenlane Renewables CEO Brad Douville.
Despite its abundance of natural resources, South America has previously had little success in promoting renewable energy, primarily due to uneven energy access and lack of education and infrastructure. However, the market is now poised for significant growth.
In Belo Horizonte, Brazil, for example, projects by Greenlane Renewables are expected to improve energy generation efficiency and reduce greenhouse gas emissions. The state government has set a goal of having 30% of its energy from renewable sources by 2030. Other countries in the region, such as Chile and Peru, have had similar resources goals.
In addition, the region’s growing economy, improved energy markets and electricity access, and governments’ push towards renewable energy makes it a great opportunity for Greenlane Renewables. The CEO adds, “We are very excited about what’s happening in the region and look forward to working with stakeholders in the region to help advance renewable energy”.
Greenlane Renewables has already set up an office in Colombia and Chile, and is looking to expand its operations. The company has also recently announced a joint venture with a leading Chilean energy provider.
As South America looks to transition towards clean energy, the market potential for Greenlane Renewables’ RNG solutions is certainly strong. As the CEO says, “We are confident that in time, we will be well-positioned to help our customers reduce their carbon footprints, boost their energy security, and increase their economic prosperity.” With the company’s strong presence in the region, it certainly appears that its bet on South America’s renewable energy future may just pay off.