The global wind industry has grown in ups and downs, dropping in 2013 and rising by more than 60GW of new capacity in 2015. GWEC expects that in 2020, new installed capacity will reach more than 60GW and this level of growth will sustain thereon.
Latin America has been performing well in terms of growth, but we are now facing a slowdown. Political challenges have arisen in different markets, making growth patterns uneven across the region, in high potential markets such as Mexico, Argentina.
In 2018, there was 3.7GW installed of onshore wind in the region, with 51% by Brazil, 25% by Mexico and 13% by Argentina. In total,there is close to 26GW of onshore wind installed in Latin America, with 57% in Brazil and 19% in Mexico.
The Latin America Task Force has been created to provide expert knowledge on the region’s wind energy market and encourage its further development.
The Global Wind Energy Council (GWEC) has launched a Policy Pulse report on Brazil, which provides qualitative analysis of the political and macroeconomic headwinds steering the wind sector and the measures needed to unlock greater wind power potential.
With 15.1 GW of wind power, Brazil is the most advanced wind market in Latin America. Since the de-contraction auction in 2017 – the first such exercise in wind power markets worldwide – five rounds of auctions have demonstrated strong interest in wind power development, with competition and pent-up demand driving prices down to record lows. Growth is on-track to continue steadily through 2023.
The Global Wind Energy Council (GWEC) has launched a Policy Pulse report on Argentina, which provides qualitative analysis of the political and macroeconomic headwinds steering the wind sector and the measures needed to unlock greater wind power potential.
Argentina is a promising market with some of the best wind resources in the world. Wind energy has enjoyed a strong three years, establishing itself as one of the country’s main energy sources despite macroeconom
The latest data released by the Global Wind Energy Council (GWEC) shows North, Central and South America has installed 11.9GW capacity of wind power in 2018, an increase of 12% on last year. In North America (Canada and USA) new capacity additions grew by 10.8% compared to 2017. In Latin America new capacity additions grew by 18.7% compared to 2017.