Growth of Renewable Energy in Latin America

The 10 GW of new renewable capacity projected in Latin America mainly corresponds to large-scale projects, with an average capacity of approximately 100 MW. In addition to this volume, there is a significant number of smaller projects, difficult to quantify, ranging from 2–3 MW installations to larger-scale plants.

In the case of Argentina, the approval of Law 27,191 marked a turning point for the sector, establishing that renewable energies must account for 8% of national electricity consumption, with a progressive target of 20% by December 2025. In addition, all large consumers with a demand exceeding 300 kW are required to cover at least 8% of their consumption through renewable energy sources, leading to the development of an additional 2.6 GW in small- and medium-scale industrial projects. This is complemented by the two auctions held in 2016, which awarded nearly 2 GW, with projects currently under construction and entering operation.

Mexico also shows strong growth potential. Although currently only about 1% of its energy comes from renewable sources, the country has set ambitious goals: reaching 20% in 2018 and 35% in 2024, creating new opportunities for investors and developers.

In Colombia, the number of renewable parks under construction is still limited and relatively small, but the country is emerging as one of the next key markets for renewable energy development in the region.

Main Producer Countries and Renewable Project Development

Latin America is currently the world’s leading investor in renewable energy installations, with construction forecasts over the next five years reaching 10 GW in Chile, Argentina, Mexico, and Colombia.

As shown in the infographic, the main supplier countries of materials and the largest builders of renewable energy facilities are, in many cases, located on different continents. Among the leading producers are China, Germany, the United States, and Spain, along with other European Union countries such as France and Italy.

Regarding pioneer countries in the development of solar and wind farms, Chile led the renewable energy boom in Latin America and continues to strengthen its commitment to the sector, with significant forecasts for the construction of both large and small projects through 2019.

TIBA, a Logistics Operator Specialized in Renewable Energy

In this context, TIBA positions itself as a logistics operator specialized in renewable energy, offering comprehensive solutions tailored to international projects. We have our own offices on four continents, Betalink branches in the United States and China, and direct TIBA presence in Spain, Mexico, Argentina, Chile, Panama, Guatemala, El Salvador, Portugal, Mozambique, and Angola, among other countries.

This extensive network allows us to guarantee personalized monitoring and specialized service from origin to destination for each project, delivering efficiency, control, and expertise in renewable energy logistics.