Brazil to Dominate Latin America’s Wind Power Market in 2018

Renewable Energy World

Latin American wind has grown swiftly in recent years to almost 20 GW by August 2017, with 80 percent of installed capacity in Brazil and Mexico.

Senior analyst for Latin America at MAKE Consulting, Brian Gaylord told Renewable Energy World that MAKE expects Latin America to rebound next year, with 4 GW of new wind power capacity.

“Over the next decade, we forecast more than 46 GW of new cumulative wind power capacity throughout Latin America,” Gaylord said. “Brazil will once again be the leader in Latin America in 2018 in terms of new connected wind power. The top five markets, in order, should be rounded out by MexicoArgentina, Chile and Peru.”

Gaylord highlights Argentina as a market to watch in 2018.

“This will be the first major year for new renewable capacity being commissioned that is associated with its RenovAr program,” he said. “Based upon order activity and improved financing conditions, we expect it to be more fruitful than the largely unsuccessful GENREN program. Still, we are concerned about local content rules that could delay and potentially derail progress.”

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