Latin America Renewable Energy Sector Report 2025-2026

In 2024, electricity generation in Latin America and the Caribbean (LAC) grew by 5.5%, primarily driven by the expansion of wind and solar photovoltaic plants, as well as an increased share of natural gas in the energy matrix. In order of significance, the countries exerting the most influence on the growth of regional electricity generation in 2024 were Brazil, Mexico, Argentina, Chile and Colombia. This ranking is according to the size of the countries' energy systems and annual growth rates, as reported by the Latin American Energy Organisation (OLADE). Electricity generation by source in 2024 was split as follows: Hydropower (45%), Natural gas (25%), Wind (12%), Solar (7%), Bioenergy (4%), Mineral coal (2%), Nuclear (2%), Petroleum derivatives (2%) and Geothermal (1%). Sources of electricity generation to record growth were geothermal (48% y/y), solar (39.7% y/y), wind (37.3% y/y), natural gas (7.8% y/y), hydroelectric (5.9% y/y), nuclear (1.2% y/y) and bioenergy (1.7% y/y). In contrast, decreases were observed in the use of oil and its derivatives (-58.8% y/y) and coal (-36.9% y/y).

This report provides a complete and detailed analysis of the "Renewable energy" sector for South America. EMIS Insights presents in-depth business intelligence in a standard format across countries and regions, providing a balanced mix between analysis and data.

What this report allows you to do:

• Understand the key elements at play in the "Renewable energy" sector in South America
• Crystallise the forces both driving and restraining this sector in South America
• Ascertain South America’s position in the global sector
• Build a complete perspective on sector trade, investment and employment
• Understand the competitive landscape and who the major players are
• View M&A activity and major deals
• Gain an understanding of the regulatory environment for the sector in South America.
• Build a clear picture of trends, output and consumption for specific sub-sectors