The Latin American region has abundant reserves of renewable energy. The report "Global Renewable Energy Outlook" released by the International Renewable Energy Agency points out that Latin America is a highly attractive destination for renewable energy investment. It is expected that by 2050, the demand for renewable energy investment in Latin America will be approximately $45 billion per year, and every $1 invested can bring economic returns of $3-8. Currently, regional countries continue to expand the development and utilization of renewable energy. It is expected that by 2050, investment in renewable energy is expected to boost the GDP of Latin America by 2.4%. Innovative high renewable energy generation. Traditional agriculture is the economic pillar of the Durango state in Mexico, but due to its high average elevation and dry climate, local water intake and irrigation are relatively difficult. Considering the abundant sunshine in the local area, some farms in Durango state have installed solar photovoltaic water pumping systems, which has greatly improved the situation. The system is powered by a pure photovoltaic array and operates fully automatically, without the need for manual supervision or energy storage batteries. On sunny days, the water pump can operate for more than 10 hours to fully meet the drinking water and crop irrigation needs for raising cattle and sheep. The new system not only ensures the income of farmers and herdsmen, but also reduces the consumption of fossil fuels such as diesel. The Mexican government plans to add more than 30 gigawatts of solar, wind, geothermal, and hydroelectric installed capacity by 2030, and has released a preliminary investment plan of up to $48 billion to achieve the goal of renewable energy development. In recent years, Costa Rica has vigorously developed and utilized solar and wind energy. According to the data released by Costa Rica's National Energy Control Center, in 2022, the proportion of renewable energy power generation in Costa Rica will reach 99.25%, which will exceed 98% for eight consecutive years. Electricity mainly comes from five renewable sources, including hydropower, geothermal energy, wind energy, biomass energy and solar energy. The Costa Rican Electricity Research Institute stated that not using imported fossil fuels saved Costa Rica $70 million in expenses in 2015 alone. The Panamanian government is also actively developing renewable energy and promoting the diversification of energy structure. According to data from the Panama National Public Service Administration, in September 2022, renewable energy accounted for approximately 97% of Panama's total electricity generation, reaching a historic high. Among them, 91.09% comes from hydropower, 5.82% comes from solar and wind energy, and 3.09% comes from other energy sources. According to data released by the Brazilian Electricity Trading Chamber recently, the average monthly electricity generation in Brazil increased to approximately 67000 megawatts in 2022, with renewable energy accounting for 92% of the total, approaching 62000 megawatts, setting a record high in nearly 10 years. The Chamber of Commerce stated that the largest portion of current renewable energy generation comes from hydropower stations, accounting for approximately 73.6% of the total renewable energy generation; Secondly, wind power plants account for 14.6%; Biomass power plants, small power plants, solar power plants, and other renewable energy sources account for 11.8% of the electricity generation. The future business of wind and solar power plants in Brazil is expected to maintain a sustained growth trend. Multiple measures to tap into resource advantages and potential, Forbes website reported that from 2010 to 2020, the global power generation costs of solar and wind energy were respectively