Solar energy was the renewable energy source with the largest compound annual growth rate (CAGR) in Latin America. From 2023 to 2030, solar energy is forecast to grow with an annual average of 15.5 percent in the region. The solar energy sector in Latin America had a market value of 4.95 billion U.S. dollars in 2022, ranking fourth among renewable technologies.
More information about the renewable energy sector in Latin America can be found here.
Forecast compound annual growth rate (CAGR) of the renewable energy sector in Latin America from 2023 to 2030, by energy source
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Extrapolate. (November 15, 2023). Forecast compound annual growth rate (CAGR) of the renewable energy sector in Latin America from 2023 to 2030, by energy source [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1425372/cagr-renewables-latin-america-by-souce/
Extrapolate. "Forecast compound annual growth rate (CAGR) of the renewable energy sector in Latin America from 2023 to 2030, by energy source." Chart. November 15, 2023. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1425372/cagr-renewables-latin-america-by-souce/
Extrapolate. (2023). Forecast compound annual growth rate (CAGR) of the renewable energy sector in Latin America from 2023 to 2030, by energy source. Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1425372/cagr-renewables-latin-america-by-souce/
Extrapolate. "Forecast Compound Annual Growth Rate (Cagr) of The Renewable Energy Sector in Latin America from 2023 to 2030, by Energy Source." Statista, Statista Inc., 15 Nov 2023, https://www.statista.com/statistics/1425372/cagr-renewables-latin-america-by-souce/
Extrapolate, Forecast compound annual growth rate (CAGR) of the renewable energy sector in Latin America from 2023 to 2030, by energy source Statista, https://www.statista.com/statistics/1425372/cagr-renewables-latin-america-by-souce/ (last visited December 21, 2024)
Forecast compound annual growth rate (CAGR) of the renewable energy sector in Latin America from 2023 to 2030, by energy source [Graph], Extrapolate, November 15, 2023. [Online]. Available: https://www.statista.com/statistics/1425372/cagr-renewables-latin-america-by-souce/
