LatAm wind capacity forecast to jump nearly 29GW in medium term

Latin America is expected to add 28.7GW of onshore wind power in the next five years led by Brazil, Chile and Colombia.

The three countries will represent 78% of the region’s growth from the renewable source, according to the Global Wind Energy Council’s (GWEC) 2024 report.

“Latin America had a record year in new wind power installations in 2023 with more than three-quarters of the new additions coming from a single market: Brazil,” the industry group said.

The research highlights that Latin America added 6GW last year or 5% of the world’s total.

Source: GWEC

The report attributed Brazil’s increase to projects being developed through private power purchase agreements but expects growth to be tempered by lower free market prices and the expansion of distributed generation.

The 168-page report is available in the Documents box in the top-right corner of the screen.

MW, onshore	New installations 2023	Total installations 2023
Brazil	4,817	30,449
Mexico	96	7,413
Argentina	395	3,704
Chile	688	4,577
Other Americas	299	4,444

Source: GWEC (Other Americas does not include the US and Canada)

BNamericas' Project Profiles feature 400 active early-stage wind farms and over 120 in construction.

For recent wind-related content, click on the following links:

Colombia's offshore wind gamble and the future of oil and gas

Wind, energy storage in Chile hybridization crosshairs of Sonnedix

Argentina’s Aluar advancing 312MW wind park expansion

The IIGE launched version 2.0 of WAYREapp, an application for wind analysis and monitoring of wind farms

Colbún enters environmental evaluation initiative to expand the Horizonte wind farm project up to 996MW

Celsia seeking new options for Colombia wind expansion

Eight groups after Bolivia wind project's civil, dispatch works

Net Zero World Program and Ministry of Energy will work on a Roadmap for the Development of Offshore Wind Energy in Chile