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Home / News / Market and Prices / Latin America will register an entry of 319 GW in solar and wind by 2030

Latin America will register an entry of 319 GW in solar and wind by 2030

Continente can increase its renewable capacity by more than 460% in the coming years, study shows
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  • Photo by Henrique Hein Henrique Hein
  • March 9, 2023, at 17:08 AM
1 min 21 sec read
Latin America will register an entry of 319 GW in solar and wind by 2030
Photo: Canva

A Latin America has the potential to increase yours renewable energy capacity more than 460% to 2030, with the entry into operation of 319 GW in new projects solar and wind energy.  

This is what one points out report released, this Thursday (9), by GEM (Global Energy Monitor) – a non-profit organization that catalogs fossil fuel and renewable energy projects around the world.

According to the survey, the continent South American has the potential to become the global leader in clean energy, with the Brazil being a key player in this process, as it presents the best growth prospects among all Latin American nations. 

According to GEM, Brazil, Chile, Colombia and Mexico represent today almost 84% of the existing 69 GW of solar and wind farms in operation in Latin America. Together, the four countries total 59 GW. 

Other study highlights

The survey published by GEM also pointed out that the Latin America will almost have 1 billion solar panels in large-scale projects scheduled to come into operation by the end of this decade.

The research also analyzed that the continent presents a great potential to stand out as a producer of wind power offshore accounts and exporter of green hydrogen. 

“Latin America can become a global reference for a fair energy transition if future projects respect ecological balances and bring not only economic but also social benefits,” he highlighted. Sophia Bauer, GEM researcher. 

Renewable energy solar energy Latam
Photo by Henrique Hein
Henrique Hein
He worked at Correio Popular and Rádio Trianon. He has experience in podcast production, radio programs, interviews and reporting. Has been following the solar sector since 2020.
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