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Latin America Power & Energy Outlook, 2023
Latin America Power & Energy Outlook, 2023
Future Growth Potential Enhanced by an Accelerated Energy Transition Global Context and the Advancements in Renewable Energy Deployment
05-May-2023
Latin America
Description
While the world witnesses unprecedented policies and investment announcements to accelerate the energy transition—like the Inflation Reduction Act, the Green Deal Industrial Plan, and China's latest Five-year Plan—what happens in Latin America? Will the region join the race for decarbonization seen in the rest of the world? How does that affect the power generation matrix to 2030?
The answers are mixed. Despite belonging to the same region, each country has a reality all its own, conditioned by resource availability, its economy, and, most importantly, the government in office. Nonetheless, figures show that RE has become a common denominator for regional power generation expansion. The economics and excellent resources for wind and solar encourage Latin American countries to achieve a leading role in the new green hydrogen economy, more necessary and feasible than ever in the context of the Russo-Ukrainian War.
The region is taking a step forward in the energy transition journey. Distributed generation has taken off in a dozen countries with no signs of turning back. The renewable corporate PPAs market is advancing, becoming the leading force for wind and solar development in Chile, Brazil, Argentina, Colombia, and Mexico. Green hydrogen projects are starting across a diversity of applications. At the same time, governments enact new regulations supporting batteries, EVs, green hydrogen, and offshore wind, while Brazil reaffirms its ambition of fully deregulating its retail power market.
This Frost & Sullivan 2023 Outlook covers the Latin America Power and Energy market from 2020 to 2030, with 2022 as the base year. We highlight the main trends shaping the market in the current decade and offer power generation investment and installation forecasts segmented by generation technology across key electricity markets.
In the growth opportunities universe section, we identify prospects for market participants to expand their businesses by providing standardized PPAs for SMEs, decarbonization energy solutions for C&I customers, and distributed generation services.
Author: Maria Benintende
Table of Contents
Research Scope
The 2022 Latin American Power and Energy Market—Forecast vs. Actual
Top Predictions for 2023
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Agricultural Biologicals Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Key Power and Energy Industry Trends in Latin America
Trend 1—Decentralization Going Mainstream
Trend 2—Decarbonization Reaching the Latin American Transport Sector
Trend 3—Latin America Approaching its First GW Hours (GWh) of Front-of-the-meter (FTM) Storage with More to Come
Trend 4—Implications of the Russo-Ukrainian War pose long-term opportunities
Trend 5—Latin American Countries Keen to Enter the Green H2 Economy
Trend 6—Latin American Grids under Strain
Glimpses into the Future
Power Generation by Country
Power Generation Capacity Forecast
Power Generation Capacity Forecast (continued)
Annual Power Generation Cumulative Capacity
Power Generation Investment Forecast
Power Generation Investment by Country
Power Capacity Trends
Latin America Biomass Market Snapshot
Latin America BTM Solar Market Snapshot
Latin America Utility-scale Solar Market Snapshot
Latin America Coal Market Snapshot
Latin America Oil/Diesel Market Snapshot
Latin America Natural Gas Market Snapshot
Latin America Hydropower Market Snapshot
Latin America Nuclear Market Snapshot
Latin America Wind Market Snapshot
Latin America Geothermal Market Snapshot
Argentina—Power and Energy Market Forecast
Argentina—Power and Energy Market Analysis
Brazil—Power and Energy Market Forecast
Brazil—Power and Energy Market Analysis
Chile—Power and Energy Market Forecast
Chile—Power and Energy Market Analysis
Colombia—Power and Energy Market Forecast
Colombia—Power and Energy Market Analysis
Mexico—Power and Energy Market Forecast
Mexico—Power and Energy Market Analysis
Peru—Power and Energy Market Forecast
Peru—Power and Energy Market Analysis
RoLAm—Power and Energy Market Forecast
RoLAm—Power and Energy Market Analysis
Growth Opportunity 1: Energy Service Decarbonization for C&I Customers
Growth Opportunity 1: Energy Service Decarbonization for C&I Customers (continued)
Growth Opportunity 2: Standardized RE PPAs for Small and Medium Enterprises
Growth Opportunity 2: Standardized RE PPAs for Small and Medium Enterprises (continued)
Growth Opportunity 3: Operational Excellence-based Business Models to Propel Distributed Solar PV
Growth Opportunity 3: Operational Excellence-based Business Models to Propel Distributed Solar PV (continued)
Key Conclusions
Abbreviations and Acronyms
Your Next Steps
Why Frost, Why Now?
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
Legal Disclaimer
Popular Topics
| Author | Maria Benintende |
|---|---|
| Industries | Energy |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Latin America Renewable Energy |
| Keyword 2 | Energy Industry Trends |
| Keyword 3 | Energy Industry Trends 2023 |
| Podcast | No |
| WIP Number | K894-01-00-00-00 |