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PUBLISHER: Frost & Sullivan | PRODUCT CODE: 1490870

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PUBLISHER: Frost & Sullivan | PRODUCT CODE: 1490870

Latin American Power & Energy Outlook, 2024

PAGES: 79 Pages
DELIVERY TIME: 1-2 business days
Web Access (Regional License)
USD 4950

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Policy Support and Lower Project Costs Drive Strong Renewable Energy Growth

Hydropower will remain the leading source of electricity in Latin America throughout the forecast period (2024 to 2035), but renewable energy (RE) will experience substantial increases. Utility solar photovoltaic (PV) power and onshore wind dominate total investment. Latin America's offshore wind sector is far less developed than those of Europe or China, but this industry will take off after 2030. The region's ample availability of natural gas will drive investments in new power plants. Gas will see a modest decline in its share of the electricity mix; in terms of electricity generated, and in absolute terms, it will be nearly 50% higher in 2035 than it was in 2023. This change reflects the region's substantial reserves of natural gas that governments are keen to both utilize and monetize. Total electricity generated will increase substantially as economic growth drives higher consumption and production of hydrogen in states such as Chile. The region has been relatively slow in developing policy frameworks for hydrogen, but that is changing.

This outlook on the power and energy sectors in Latin America offers data and analysis for the following countries: Argentina, Brazil, Chile, Colombia, Mexico, and Peru. The study period is 2023 to 2035.

Product Code: KA1C-27

Table of Contents

Analysis Highlights

  • Top Predictions for 2024
  • Top Country Markets
  • The State of Play for Clean Power-2023
  • The State of Play for Clean Power-2035

Transformation in the Latin American Power & Energy Industry

  • Why is it Increasingly Difficult to Grow?
  • The Strategic Imperative 8™
  • The Impact of the Top 3 Strategic Imperatives on the Latin American Power and Energy Industry


  • Research Scope
  • What Does the Power & Energy Sector Outlook Report Include?

Growth Environment

  • Key Market Trends
  • Trend 1-Election Season Drives Energy Policy Changes
  • Trend 2-Progress toward the First GWh of FTM Storage
  • Trend 3- Grids Undergo Strain
  • Trend 4-RE Corporate PPAs Drive Industry Expansion
  • Trend 5-Latin America Gears Up for Green H2
  • Trend 6-Decentralization Goes Mainstream
  • Trend 7-RE Bids Are Crucial for Energy Transition Laggards
  • Trend 8-Biofuel Shows Strong Potential
  • Trend 9-NG Upstream Activity Is Burgeoning
  • Trend 10-LNG Capacity Is Scaling Up
  • Trend 11-O&G Decarbonization: What Are NOCs Doing?
  • Trend 12-First Carbon-trading Schemes Emerge

Growth Generator

  • Power Generation Investment Forecast
  • Power Generation Capacity Forecast
  • Power Generation Installed Capacity & Electricity Generated
  • Annual Power Generation Investment by Key Country

Growth Generator: Power Generation Investment for Top 6 Countries

  • Argentina: Power Generation Investment Forecast
  • Argentina: Power Generation Industry Analysis
  • Argentina: Power Generation Installed Capacity & Electricity Generated
  • Brazil: Power Generation Investment Forecast
  • Brazil: Power Generation Industry Analysis
  • Brazil: Power Generation Installed Capacity & Electricity Generated
  • Chile: Power Generation Investment Forecast
  • Chile: Power Generation Industry Analysis
  • Chile: Power Generation Installed Capacity & Electricity Generated
  • Colombia: Power Generation Investment Forecast
  • Colombia: Power Generation Industry Analysis
  • Colombia: Power Generation Installed Capacity & Electricity Generated
  • Mexico: Power Generation Investment Forecast
  • Mexico: Power Generation Industry Analysis
  • Mexico: Power Generation Installed Capacity & Electricity Generated
  • Peru: Power Generation Investment Forecast
  • Peru: Power Generation Industry Analysis
  • Peru: Power Generation Installed Capacity & Electricity Generated

Growth Opportunity Universe

  • Growth Opportunity 1: Hydropower Modernization, Repowering, and Digitalization to Advance Decarbonization
  • Growth Opportunity 2: Energy Decarbonization Services for Commercial and Industrial (C&I) Companies
  • Growth Opportunity 3: Standardized RE PPAs for Small and Medium Enterprises

Key Conclusions & Future Outlook

  • Key Conclusions and Outlook
  • Abbreviations and Acronyms

Best Practices Recognition

  • Best Practices Recognition

Frost Radar

  • Frost Radar

Next Steps

  • Benefits and Impacts of Growth Opportunities
  • Next Steps
  • Take the Next Step
  • List of Exhibits
  • Legal Disclaimer
Have a question?

Jeroen Van Heghe

Manager - EMEA



Christine Sirois

Manager - Americas


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