Synopsis

As a region, Latin America is already leading the way in terms of offering bright prospects for the future of renewable energy and a cleaner electricity system. With a record 319 GW of utility-scale solar and wind capacity either announced, in pre-construction, or under construction, the region is positioned to grow its large-scale solar and wind power capacity by more than 460% by 2030. In 2024, LatAm and the Caribbean generated around 64% of their electricity output from clean energy sources, which is above the global average of 39% – and hopes remain high for the integration of energy storage across regional markets