Market Study: Brazil Will Lead the Growth of Latin America's Wind Industry

Powered by Brazil, Latin America's installed wind energy capacity is estimated to grow by an annual rate of 12.6% from 2010 to 2025.

According to a new market study, Latin America Wind Power Markets and Strategies: 2010-2025, by IHS Emerging Energy Research, Latin America's installed wind capacity will reach 46-gigawatts by 2025.

The study shows that Brazil will be the region's unquestionable leader with 31.6 GW installed by 2025 -- 69% of Latin America's total installed capacity.  The closest competitor to Brazil will be Mexico, with 6.6 GW.

Chile is expected to massively increase their wind power capacity as a result of their Renewable Portfolio Standard.  Strong political and industrial foundations in Brazil, Mexico, and Chile will sustain the Latin American market's growth.

By 2025 investment in the Latin American wind energy market is expected to by US$2.2 billion, more than double the US$1 billion invested in 2009.

Vincent Gautier, on the study's authors, says, "Brazil's market scale and proactive renewable energy policies are moving Latin America toward a key tipping point, from sporadic project activations to more steady wind power market growth."

Read the full story at IHS Emerging Energy Research:  Brazil Leads Latin America Wind Energy Markets to 46 GW by 2025

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