Low-carbon tech key to addressing energy demand

Such systems offer a highly viable clean energy solution for Colombia, especially given that approximately 53 percent of the country's territory and 270,000 households are not yet connected to the national grid.

Shi offered several suggestions for Chinese companies that are willing to seize the significant energy market opportunities in Latin America.

While Chinese companies possess significant advantages in capital, technology and large-scale production, local companies often have a deeper understanding of local policies, social environments and market dynamics, she said.

"If they collaborate through joint ventures, partnerships and joint bidding, it will undoubtedly enhance their competitiveness and enable them to complement each other's strengths," said Shi, emphasizing the importance of having a localized operational team as a strategy for Chinese companies to mitigate operational and market risks in Latin America.

Ma Dingping, secretary general of the Chongqing Energy Research Society, advocates a "product plus service" model as an ideal strategy to promote Chinese green, low-carbon technologies internationally.

This approach emphasizes integrating service provision with product exports and more actively involving foreign partners.

When Chinese photovoltaic panels are sold abroad, for instance, they may not be installed correctly, which can lead to inefficient power generation, he said. Additionally, these facilities might lack adequate power storage solutions, resulting in suboptimal use of the photovoltaic products.

These problems underscore the importance of service provision. The significance of the "product plus service" model extends far beyond ensuring that buyers get full value from their product investments, he said.

"By selling products and offering complementary services that encourage entrepreneurship and job creation, local individuals can learn from China's experience," he said.

Contact the writers at houliqiang@chinadaily.com.cn