Windpower Monthly rating 3.5/5

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Our rating is based on a combination of project pipeline, political and policy support, investor confidence and structural readiness of the country in terms of grid infrastructure, permitting process and local supply chain.

Estimate of installed and operating wind power capacity based on the latest statisitics and measured against the Windpower Intelligence database.

Brazil remains far and away the largest wind power market in Latin America.

Investment is expected to continue apace over the coming years to meet the government’s official target of 28.5GW of capacity by 2026. However, volumes and prices for wind power have been declining at tenders held by energy agency ANEEL.

While investment to date has been concentrated in the arid northeast, developers are increasingly studying the country’s huge potential for offshore wind power.

Licence applications have been presented for more than 9GW of offshore wind, and lawmakers have begun drawing up regulation for the sector.

With six companies now manufacturing wind turbines in Brazil, the industry is able to fulfil local component requirements.

But it still faces grid capacity shortages in some areas.

Tender Watch

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Central & South America In Depth

Insight report: Latin American wind sector hit by Covid-19 and debt

Some countries badly hit by virus and debt, but region's longer-term prospects look strong

Slower growth delays tender by six months

Chile has delayed its latest tender to supply electricity to regulated clients due to lower growth expectations.

Chile advances South America's biggest wind farm

Chilean energy company Colbun has applied for an environmental licence to build the largest wind project in Latin America.

Developers seek more time after election spooks financiers

Developers are urging Argentina's authorities to give them more time to build renewable energy projects as the return of the Peronist movement to government sends shivers through financial markets.

France looks to wind for island energy autonomy

After a period of zero growth, wind deployment is beginning to take off again in France's overseas territories, but will need to speed up further to achieve the government's 2030 target.

Central & South America Latest News

Nordex secures huge Brazilian order from Statkraft

Nordex will supply 519MW of turbines for Statkraft in Brazil, as the Norwegian developer plans 1.1GW of wind power capacity in the country

Emerging markets order more than 1GW of wind turbines in September

Just over 1GW of firm orders were reported for wind farms spread across Egypt, Russia, Morocco, Colombia and Vietnam last month

Neoenergia to acquire 400MW onshore wind pipeline in Brazil

Iberdrola subsidiary Neoenergia has secured a deal in Brazil as its parent company embarks on a global spending spree

Vestas enters Colombia with 20MW order

Danish turbine manufacturer expands footprint in Latin America with entry into Colombian wind market

Nordex secures largest order yet in Colombia

Nordex has secured an order to supply 41 of its N149/4.0-4.5 turbines for a wind farm understood to be successful in Colombia’s clean energy tender in 2019.