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Latin America holds significant untapped geothermal potential, with only a fraction currently utilized. Investments are projected to reach $1.3 billion by 2027, driven by increased operational capacity and government targets.
Challenges include infrastructure development and competition from other renewables. However, geo thermal energy offers clean production and potential for lithium extraction, enhancing operational efficiency.
While short-term growth is promising, long-term expansion may slow due to infrastructure and market challenges.
Nevertheless, leveraging such resources presents an opportunity for Latin America to bolster energy security and decarbonize industrial processes.
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