Latin American Power & Energy Outlook, 2024

Description

Policy Support and Lower Project Costs Drive Strong Renewable Energy Growth

Hydropower will remain the leading source of electricity in Latin America throughout the forecast period (2024 to 2035), but renewable energy (RE) will experience substantial increases. Utility solar photovoltaic (PV) power and onshore wind dominate total investment. Latin America's offshore wind sector is far less developed than those of Europe or China, but this industry will take off after 2030. The region's ample availability of natural gas will drive investments in new power plants. Gas will see a modest decline in its share of the electricity mix; in terms of electricity generated, and in absolute terms, it will be nearly 50% higher in 2035 than it was in 2023. This change reflects the region's substantial reserves of natural gas that governments are keen to both utilize and monetize. Total electricity generated will increase substantially as economic growth drives higher consumption and production of hydrogen in states such as Chile. The region has been relatively slow in developing policy frameworks for hydrogen, but that is changing.

This outlook on the power and energy sectors in Latin America offers data and analysis for the following countries: Argentina, Brazil, Chile, Colombia, Mexico, and Peru. The study period is 2023 to 2035.

Product Code: KA1C-27

Analysis Highlights

Top Predictions for 2024
Top Country Markets
The State of Play for Clean Power-2023
The State of Play for Clean Power-2035

Transformation in the Latin American Power & Energy Industry

Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Latin American Power and Energy Industry

Ecosystem

Research Scope
What Does the Power & Energy Sector Outlook Report Include?

Growth Environment

Key Market Trends
Trend 1-Election Season Drives Energy Policy Changes
Trend 2-Progress toward the First GWh of FTM Storage
Trend 3- Grids Undergo Strain
Trend 4-RE Corporate PPAs Drive Industry Expansion
Trend 5-Latin America Gears Up for Green H2
Trend 6-Decentralization Goes Mainstream
Trend 7-RE Bids Are Crucial for Energy Transition Laggards
Trend 8-Biofuel Shows Strong Potential
Trend 9-NG Upstream Activity Is Burgeoning
Trend 10-LNG Capacity Is Scaling Up
Trend 11-O&G Decarbonization: What Are NOCs Doing?
Trend 12-First Carbon-trading Schemes Emerge

Growth Generator

Power Generation Investment Forecast
Power Generation Capacity Forecast
Power Generation Installed Capacity & Electricity Generated
Annual Power Generation Investment by Key Country

Growth Generator: Power Generation Investment for Top 6 Countries

Argentina: Power Generation Investment Forecast
Argentina: Power Generation Industry Analysis
Argentina: Power Generation Installed Capacity & Electricity Generated
Brazil: Power Generation Investment Forecast
Brazil: Power Generation Industry Analysis
Brazil: Power Generation Installed Capacity & Electricity Generated
Chile: Power Generation Investment Forecast
Chile: Power Generation Industry Analysis
Chile: Power Generation Installed Capacity & Electricity Generated
Colombia: Power Generation Investment Forecast
Colombia: Power Generation Industry Analysis
Colombia: Power Generation Installed Capacity & Electricity Generated
Mexico: Power Generation Investment Forecast
Mexico: Power Generation Industry Analysis
Mexico: Power Generation Installed Capacity & Electricity Generated
Peru: Power Generation Investment Forecast
Peru: Power Generation Industry Analysis
Peru: Power Generation Installed Capacity & Electricity Generated

Growth Opportunity Universe

Growth Opportunity 1: Hydropower Modernization, Repowering, and Digitalization to Advance Decarbonization
Growth Opportunity 2: Energy Decarbonization Services for Commercial and Industrial (C&I) Companies
Growth Opportunity 3: Standardized RE PPAs for Small and Medium Enterprises

Key Conclusions & Future Outlook

Key Conclusions and Outlook
Abbreviations and Acronyms

Best Practices Recognition

Best Practices Recognition

Frost Radar

Frost Radar

Next Steps

Benefits and Impacts of Growth Opportunities
Next Steps
Take the Next Step
List of Exhibits
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