BNEF: Latin America to Rocket in renewables installations in 2021

Wind Industry Profile of

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

Keywords:

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