Latin America Levelised Cost of Electricity (LCOE) 2025

Report Summary:

This report presents the findings of our latest analysis on the development of the levelised cost of electricity (LCOE) across Latin America, with projections extended to 2060 under low, base case and high scenarios. It provides a comprehensive commentary on the competitiveness of 15 technologies, assessing their viability in each market. Our analysis encompasses five key markets: Argentina, Brazil, Chile, Colombia and Mexico. The Latin America LCOE report is one of five regional reports published annually to capture the evolving dynamics across all global markets we cover. It forms part of Wood Mackenzie's comprehensive global LCOE analysis, offering insights into Asia Pacific, North America, Europe, the Middle East, Africa and Latin America. The analysis covers over 40 technologies and 40 countries. Each modelled year applies more than 60 proprietary inputs per market and scenario, producing a rich dataset of 25 million LCOE data points for the 2025 update.