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Report Overview
The Latin America renewable energy market attained a volume of 313.13 Gigawatt in 2025. The industry is expected to grow at a CAGR of 4.10% during the forecast period of 2026-2035. By 2035, the market is expected to reach 467.99 Gigawatt.
The growing population and industrialization are driving an increased demand for clean energy, favoring the Latin America renewable energy market revenue. As per industry reports, the population of Latin America and the Caribbean reached 663 million people in 2024, further necessitating a large expansion in energy infrastructure. As urbanization and industrial activity intensify, energy consumption across commercial, residential, and industrial sectors is projected to rise significantly. In response, governments and energy stakeholders are leveraging advanced data modelling and predictive analytics to forecast energy demand patterns and optimize infrastructure development. These technologies enable more accurate planning and resource allocation, supporting efforts to meet future energy needs without compromising environmental goals.
The strong commitment towards net zero emissions is increasing the Latin America renewable energy market value. Supporting with industry reports, nearly half of the 33 Latin American and Caribbean nations, including Brazil, Chile, Costa Rica, and Colombia, have committed to achieving net-zero emissions by 2050. These commitments are backed by international agreements, national policies, and investments in renewable energy infrastructure. The goal of net-zero emissions also involves the transition towards renewable energy sources for enhancing energy efficiency while implementing carbon capture technologies. These factors are contributing to global climate change mitigation efforts.
2025
Base Year
2019-2025
Historical Period
2026-2035
Forecast Period
Competitive Landscape
Key players in the Latin America renewable energy market are employing diverse strategies to capitalize on the region’s vast natural resources and the higher demand for clean energy. Investments in large-scale solar and wind projects are assisting in leveraging favorable climatic conditions as well as government incentives for boosting capacities. Companies are focusing on diversifying their energy portfolios by integrating hydro, biomass, and geothermal sources to improve grid stability and reduce dependency on fossil fuels. Additionally, community engagement and social responsibility initiatives are prioritized to ensure local support and sustainable development.
Forming strategic partnerships and joint ventures with local firms and international investors are navigating regulatory complexities, securing financing, and accelerating project development. Many players are emphasizing technology adoption and innovation by incorporating advanced energy storage solutions and smart grid technologies to improve efficiency and reliability. To address financing challenges, companies increasingly explore green bonds and sustainable financing mechanisms, tapping into global ESG investment trends. Lastly, expansion into emerging markets within the region are allowing players to exploit untapped opportunities and benefit from supportive policy frameworks.
Ingenostrum S.L.
Ingenostrum S.L. was founded in 2013 and is headquartered in Madrid, Spain. The company specializes in advanced energy storage solutions, focusing on integrating renewable energy sources with smart grid technologies to enhance energy efficiency and reliability for residential, commercial, and industrial applications.
Enel Green Power S.p.A.
Enel Green Power S.p.A., founded in 2008 and headquartered in Rome, Italy, is a global leader in renewable energy. The firm develops, builds, and operates power generation facilities from solar, wind, hydroelectric, and geothermal sources, promoting sustainable energy solutions across multiple continents.
Gauss Energy
Gauss Energy was founded in 2014 and is headquartered in Valencia, Spain. The company focuses on innovative energy storage systems using advanced battery technologies designed to optimize renewable energy integration and provide flexible, reliable power solutions for utilities and commercial customers.
First Solar, Inc.
First Solar, Inc. was founded in 1999 and is headquartered in Tempe, the United States. The firm manufactures and sells thin-film photovoltaic solar modules and offers utility-scale solar power solutions, aiming to deliver affordable and sustainable solar energy worldwide.
Other players in the Latin America renewable energy market are Atlas Renewable Energy, and others.
Latin America Renewable Energy Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2025, the market reached an approximate value of 313.13 Gigawatt.
The market is projected to grow at a CAGR of 4.10% between 2026 and 2035.
Key strategies driving the market include strong government incentives, public-private partnerships, regional energy integration, and technology innovation. Countries are investing in solar, wind, and hydropower infrastructure, promoting green hydrogen projects, and leveraging international collaborations to boost clean energy capacity, reduce emissions, and ensure long-term energy security.
The rising investment in the small bioenergy capacities connected to the grid and the abundant availability of raw materials such as woods and bio-wastes are the key trends propelling the market growth.
The major countries in the Latin America market include Brazil, Argentina, and Mexico, among others.
The various types of renewable energy include hydropower, onshore wind, solar, and bio energy, among others.
The key players in the market report include Ingenostrum S.L., Enel Green Power S.p.A, Gauss Energy, First Solar, Inc., Atlas Renewable Energy, and others.
The market is estimated to witness a healthy growth in the forecast period of 2026-2035 to reach a capacity of around 467.99 Gigawatt by 2035.
Hydropower dominates the market due to the presence of abundant river systems and favorable geography.
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