Market Overview

The Latin America wind energy market was valued at USD 7.11 Billion in 2025 and is anticipated to reach USD 10.40 Billion by 2034, growing at a CAGR of 4.32% during 2026-2034. The healthy market growth is driven by government policies promoting wind energy, increased infrastructure spending in wind-rich regions like northeastern Brazil and Patagonia, and growing corporate demand through Power Purchase Agreements. The market benefits from mature technology and established supply chains, particularly in onshore deployments.

Study Assumption Years

  • Base Year: 2025
  • Historical Period: 2020-2025
  • Forecast Year/Period: 2026-2034

Latin America Wind Energy Market Key Takeaways

  • The market size was USD 7.11 Billion in 2025.
  • The market is expected to grow at a CAGR of 4.32% from 2026 to 2034.
  • Onshore wind dominates with an 86% share in 2025, driven by technology maturity and cost advantages.
  • Brazil leads regionally with a 34% market share in 2025, supported by excellent wind resources and regulatory incentives.
  • Key players focus on expanding portfolios, advancing turbine technologies, and regional partnerships to enhance efficiency.
  • Technological advances include turbines with larger rotors and predictive maintenance systems improving capacity factors.

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Market Growth Factors

Latin American countries have implemented renewable energy goals and supporting policies that have helped promote wind farm growth like energy auctions, tax exemptions, and priority access toward the grid. Brazil, Mexico, Argentina, Chile, and Colombia have led the way with policies toward creating a stable investment climate and syncing regional renewable energy trade.

Financiers finance renewable energy infrastructure. Public and private entities invest in transmission with grid upgrades. Development banks offer concessional loans. International power companies cooperate for expansion of regional electricity markets. Corporate power purchase agreements grow at a rapid rate. Businesses buy renewable energy under extended agreements. They want to decarbonize and control energy costs.

Technology improvements made modern wind turbine design efficient and cheap using larger rotors, taller towers, and complex control systems. AI and predictive maintenance digitalize processes. Sourcing components locally, especially in Brazil, will improve operations. Operations improvement and lower costs create local jobs.

Market Segmentation

Location of Deployment

  • Onshore: Holding 86% market share in 2025, onshore wind benefits from proven technology maturity, lower installation and maintenance costs vs. offshore, and established supply chains. Vast land availability in wind-rich zones like northeastern Brazil and Patagonia supports expansion.
  • Offshore: Mentioned implicitly through emerging regulatory frameworks, offshore wind is in early development stages with new legislation in Brazil and initiatives by Chile and Colombia to stimulate investment.

Region

  • Brazil: Dominates with a 34% market share in 2025, driven by exceptional wind resources, competitive energy auctions, and expanding wind farm capacities in northeastern states.
  • Mexico
  • Argentina
  • Colombia
  • Chile
  • Peru
  • Others

Regional Insights

Brazil leads the Latin America wind energy market with a 34% share in 2025, benefiting from outstanding natural wind conditions, a favorable regulatory environment, supportive government policies, and strong local manufacturing capabilities. The northeastern region hosts the majority of wind farms, and ongoing investments in transmission networks enable increased integration of wind power into the national grid.

Recent Developments & News

In September 2025, Colbún's Horizonte wind farm in Chile commenced full commercial operation, becoming the country's largest wind facility with a capacity generated from 140 turbines. This milestone enhances Chile's renewable energy portfolio and underscores regional progress in wind power deployment.

Key Players

  • ArcelorMittal
  • Casa dos Ventos
  • Colbún

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