You are here

Brazil wind to beat Latin America nations combined, report claims

Navigant research report states Brazil will reach 20.1GW of wind power capacity in eight years as yearly installations set to top 1.5GW by 2016

Navigant research said Brazil could reach 10GW of installed wind power capacity by 2017, eight years ahead of original plans

Brazil will have more wind power capacity installed by 2022 than all other Latin American nations combined, a US research report has revealed. The report, Latin America Wind Market Assessment, from US company Navigant Research, states cumulative installed wind power capacity in Brazil will reach 20.1GW by 2022. This is more than all other Latin American nations put together.

Brazil will have more wind power capacity installed by 2022 than all other Latin American nations combined, a US research report has revealed. The report, Latin America Wind Market Assessment, from US company Navigant Research, states cumulative installed wind power capacity in Brazil will reach 20.1GW by 2022. This is more than all other Latin American nations put together.

By 2016, Brazil could see yearly wind power installations top 1.5GW, the Navigant Research report claims. This is as the pipeline for contracted wind power projects come online and are connected to the grid.

Brazil was set to meet 10GW of installed wind power capacity by 2025. But after experiencing quick growth in the sector, the Brazilian government now believes Brazil could reach this capacity in 2017.  

Feng Zhao, research director with Navigant Research, said: “Eight auction rounds since 2009 have awarded more than 8.5GW of wind power contracts in Brazil, which secures a robust development cycle for at least the next five years. Brazil’s minister of energy believes that the country can reach 10GW of wind power installations by 2017 – eight years ahead of the original plan.”

Navigant Research said its latest wind report provides a comprehensive view of the wind energy market dynamics at play in 15 markets across Latin America. Market forecasts for wind power installations, capacity, and market share in Latin America is segmented by country and company and extends through to 2022.

The research report’s country-by-country analysis of the Latin American wind energy market outlines the key energy policies, development opportunities and barriers. It identifies which companies own operational wind power plants, and examines the competitive landscape for wind turbine vendors supplying those projects, the research company said.

Navigant Research said the next largest wind energy market in Latin America will be Mexico. The country is expected to have almost 9GW of installed wind power capacity by 2022, according to its research report. However, wind capacity at the start of 2013 represented only 2.5 per cent of the country’s generation total.

“This is low for a country with a renewable energy target calling for 35 per cent of the country’s electricity to come from renewables by 2024,” Navigant Research said.