BNEF: Latin America to Rocket in renewables installations in 2021

Image: BloombergNEFImage: BloombergNEF
BloombergNEF expects new installations in Latin American countries to exceed 10 gigawatts (GW) for the first time.

Official Press Release BloombergNEF:

Latin America Set for Record Wind, Solar Expansion in 2021

Wind Industry Profile of
Latin America Set for Record Wind, Solar Expansion in 2021

Pandemic produced sharp drop in new wind and solar build / 2021 to deliver record, double-digit capacity additions

New wind and solar additions will roar back across Latin America this year, following a tough 2020. BloombergNEF expects new installations to exceed 10 gigawatts (GW) for the first time. Broader recovery will see around 30GW of total new additions through 2023, boosting cumulative utility-scale wind and solar capacity of 48GW today by two thirds. The record growth stems, in part, from pent-up activity as the pandemic slowed project development last year, producing a sharp downturn in net additions that broke four years of uninterrupted growth. This was compounded by regulatory upheaval in Mexico, deflating what had been one of the... ... More: Official Press Release BloombergNEF

BloombergNEF, Latrin America, renewables, expansion, wind, solar, 2021, record, double digit, capacity, addition, installation

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