The wind power market in Latin America expanded by 326% in 2014 compared to the previous year. More than 4.1GW of wind power capacity was commissioned in the region, surpassing the previous year’s total of 1.3GW.
Brazil led the region with the connection of 2.5GW in 2014. Elsewhere, record years in Mexico, Chile and Uruguay supported overall regional growth. MAKE’s is forecasting record wind power capacity connections in Latin America in 2015 and 2016, approaching 4.8GW and 5.4GW, respectively. MAKE expects Mexico, Uruguay, Panama and the Dominican Republic to set new capacity installation records in 2015, however, new installations in Latin America will likely drop between 2017 and 2020, primarily due to economic risk in Brazil, before recovering to previous levels in 2021.
