Concentrated solar power, solar photovoltaics, and wind power are forecast to be the fastest-growing renewable energy sources in Latin America. If all energy and climate targets are achieved in the region, solar PV will grow with an average annual rate of 18 percent until 2030, whereas wind energy will have a CAGR of some 12 percent.
Forecast compound annual growth rate (CAGR) of renewable power capacity in Latin America from 2022 to 2030, by source and scenario
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Stated Policies Scenario
Announced Pledges Scenario
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The Stated Policies Scenario is based on the latest energy, climate, and industrial policies.
The Announced Pledges Scenario is based on achievement of national energy and climate targets.
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IEA. (November 6, 2023). Forecast compound annual growth rate (CAGR) of renewable power capacity in Latin America from 2022 to 2030, by source and scenario [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1451416/renewable-capacity-cagr-forecast-latin-america/
IEA. "Forecast compound annual growth rate (CAGR) of renewable power capacity in Latin America from 2022 to 2030, by source and scenario ." Chart. November 6, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1451416/renewable-capacity-cagr-forecast-latin-america/
IEA. (2023). Forecast compound annual growth rate (CAGR) of renewable power capacity in Latin America from 2022 to 2030, by source and scenario . Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1451416/renewable-capacity-cagr-forecast-latin-america/
IEA. "Forecast Compound Annual Growth Rate (Cagr) of Renewable Power Capacity in Latin America from 2022 to 2030, by Source and Scenario ." Statista, Statista Inc., 6 Nov 2023, https://www.statista.com/statistics/1451416/renewable-capacity-cagr-forecast-latin-america/
IEA, Forecast compound annual growth rate (CAGR) of renewable power capacity in Latin America from 2022 to 2030, by source and scenario Statista, https://www.statista.com/statistics/1451416/renewable-capacity-cagr-forecast-latin-america/ (last visited July 22, 2024)
Forecast compound annual growth rate (CAGR) of renewable power capacity in Latin America from 2022 to 2030, by source and scenario [Graph], IEA, November 6, 2023. [Online]. Available: https://www.statista.com/statistics/1451416/renewable-capacity-cagr-forecast-latin-america/
