Who is leading Latin America’s offshore wind race?

Offshore wind energy is gaining momentum in Latin America as countries look to diversify their energy mix and meet climate goals. 

However, while the region boasts vast offshore wind potential exceeding 7,000GW, only a handful of nations are making tangible progress.

ALSO READ: Latin America's offshore wind energy leap

Colombia: The regional leader

Colombia is at the forefront of Latin America's offshore wind race as it pushes ahead with the region's first offshore wind auction. 

The government prequalified eight groups for temporary occupation permits, which may be converted into long-term concessions. Colombia's offshore wind roadmap estimates 50GW of potential, with up to 9GW operational by 2050. 

The country's high wind speeds, political support, and potential for green hydrogen production enhance its attractiveness, but investment in port infrastructure and regulatory clarity will be key to unlocking its potential.

Brazil: Tapping 240GW potential

Brazil is rapidly positioning itself as a major offshore wind player. In January 2025, the country approved a regulatory framework that paves the way for developers to pursue over 240GW of proposed capacity. 

The first maritime area auction is expected in the second half of 2025, with projects potentially coming online by 2031-32. 

However, challenges remain, including high capital costs and regulatory hurdles. Brazil's extensive coastline and competitive wind resources give it an edge, but the country must invest in port infrastructure and streamline permitting processes to accelerate development.

Chile and Uruguay: Green hydrogen 

Chile and Uruguay are leveraging offshore wind as a catalyst for their green hydrogen ambitions. Uruguay plans to auction offshore blocks for wind-powered hydrogen production, while Chile is collaborating with global partners to develop its offshore wind roadmap. 

Both countries benefit from substantial wind resources and energy transition policies but face regulatory and cost-related challenges.

Mexico: Late but promising 

Mexico has significant offshore wind potential – up to 869GW, according to World Bank estimates but lacks a regulatory framework. The administration of President Claudia Sheinbaum is expected to introduce policies that could spur offshore wind development. 

With a skilled offshore workforce and proximity to the US market, Mexico has the ingredients to become a major player if it prioritizes investment and policy support.

Caribbean and Central America: Exploring possibilities 

Trinidad and Tobago leads offshore wind efforts in the Caribbean, integrating it with green hydrogen projects. Meanwhile, Costa Rica and other nations are conducting feasibility studies. 

Extreme weather risks and limited infrastructure present challenges, but offshore wind could help islands reduce reliance on imported fossil fuels.