Latin America Could Double Its Onshore Wind Capacity by 2035
Several countries across Latin America have been rapidly expanding their wind energy capacity to diversify the energy mix and strengthen energy security, with far more expansion planned for the next decade. Brazil and Mexico are leading the way, with several other countries across the region also beginning to develop their green energy sectors. Across Latin America, installed wind energy capacity…
Latin America is projected to more than double its onshore wind capacity by 2035, potentially reaching over 120 GW, according to a recent report by the Global Wind Energy Council. Brazil and Mexico currently lead the region, with Brazil alone boasting around 35 GW of operational onshore wind capacity, making it the fifth-largest worldwide.
The Brazilian state of Bahia is home to Statkraft Group's Ventos de Santa Eugnia Wind Complex, which features 91 turbines with a combined capacity of 162 MW. Mexico is expected to invest $4-$5 billion in wind energy by 2030, resulting in nearly 2.2 GW of new installed capacity and powering around 12.1 million households. Argentina has also made significant strides, with almost 4.6 GW of wind power capacity in operation.
However, transmission constraints and fierce solar competition pose challenges to sustaining growth in Brazil and Chile.
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