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Which 10 emerging markets offer attractive opportunities for impact investing in renewable energy?

Rufus Anderson, June 27, 2023June 27, 2023

1. India: With a massive population and growing energy demand, India is a top destination for renewable energy investment. The government has set a target of 175 GW of renewable energy by 2022.

2. Brazil: As one of the world’s top energy producers, Brazil is also a leader in renewable energy, with a target of 45% renewables in its energy mix by 2030.

3. Mexico: Mexico has set an ambitious goal of generating 35% of its energy from renewables by 2024, and has particular potential for solar and wind power.

4. Indonesia: With an abundance of natural resources, Indonesia has the potential to become a major player in renewable energy. The government has a target of 23% renewables by 2025.

5. South Africa: As one of the most industrialized countries in Africa, South Africa is well-positioned to benefit from renewable energy investment. The government has set a target of 17.8 GW of renewable energy by 2030.

6. Turkey: With a rapidly growing economy and a need to reduce its dependence on imported energy, Turkey is an attractive destination for renewable energy investment.

7. Philippines: As a nation of islands, the Philippines has a unique opportunity to pursue decentralized energy solutions such as solar and wind power. The government has set a target of 15 GW of renewable energy by 2030.

8. Vietnam: With a growing economy and an increasing demand for energy, Vietnam is an emerging market with significant potential for renewable energy investment.

9. Colombia: With a goal of reaching 50% renewable energy by 2030, Colombia is a country that is making significant strides in developing its renewable energy sector.

10. Kenya: As a leader in East Africa, Kenya has made significant progress in developing its renewable energy sector, particularly in the areas of solar and wind power.

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