Latin America Wind Energy Market Size, Trends, Growth, and Forecast Report to 2034

Market Overview The <a href="https://www.imarcgroup.com/latin-america-wind-energy-market">Latin America wind energy market</a> was valued at USD 7.11 Billion in 2025 and is expected to reach USD 10.40 Billion by 2034. The market is projected to grow at a CAGR of 4.32% during the forecast period 2026-2034. Growth is supported by favorable government policies, increased investments in renewable infrastructure, and growing corporate demand for clean power, particularly via Power Purchase Agreements. Study Assumption Years <ul> <li style="font-weight: 400;" aria-level="1">Base Year: 2025</li> <li style="font-weight: 400;" aria-level="1">Historical Year/Period: 2020-2025</li> <li style="font-weight: 400;" aria-level="1">Forecast Year/Period: 2026-2034</li> </ul> Latin America Wind Energy Market Key Takeaways <ul> <li style="font-weight: 400;" aria-level="1">The Latin America wind energy market size was valued at USD 7.11 Billion in 2025.</li> <li style="font-weight: 400;" aria-level="1">The market is expected to grow at a compound annual growth rate of 4.32% from 2026-2034 to reach USD 10.40 Billion by 2034.</li> <li style="font-weight: 400;" aria-level="1">Onshore wind dominates the market with a share of 86% in 2025, attributed to maturity of technology, lower installation costs, and strong supply chain structures.</li> <li style="font-weight: 400;" aria-level="1">Brazil leads the market with a share of 34% in 2025, driven by excellent wind resources in northeastern states and favorable regulatory frameworks including energy auctions.</li> <li style="font-weight: 400;" aria-level="1">Market growth is propelled by advancing turbine technologies, expanding project portfolios, and strengthening regional partnerships.</li> </ul> Sample Request Link: <a href="https://www.imarcgroup.com/latin-america-wind-energy-market/requestsample">https://www.imarcgroup.com/latin-america-wind-energy-market/requestsample</a> Market Growth Factors National energy policies target ambitious renewable energy and carbon neutrality. They implement these policies toward creating a conducive environment for wind energy developers in Latin America. Brazil, Mexico, Argentina, Chile, and Colombia target clean energy, auction competitive energy, incentivize taxes, and access transmission networks with priority to increase wind energy development. Regional collaboration and international development banks can also ease renewable energy sharing and financing across markets. The market is driven by an increase in spending for renewable infrastructure. Both public and private funding are improving transmission infrastructure and modernizing the grid. Development finance institutions provided concessional financing and corporate power purchase agreement (PPA) markets are evolving. International energy companies work with domestic developers to leverage local market expertise and a project pipeline. Technology advances these things too. They lessen expenses. They increase production all through Latin America. Onshore wind energy costs in the region have fallen because of increased turbine efficiency, improved supply chains, and economies of scale. Modern large rotors along tall towers improve wind turbine capacity factors. AI-based predictive maintenance digital technologies decrease operating costs. Local manufacturing of wind turbine components in the host country such as Brazil speeds up delivery and creates more local employment opportunities. Market Segmentation Location of Deployment: <ul> <li style="font-weight: 400;" aria-level="1">Onshore: Dominates the market with 86% share in 2025 due to mature technology, established infrastructure, and lower installation and maintenance costs compared to offshore. The segment benefits from abundant wind-rich lands such as northeastern Brazil and Patagonia, supporting large-scale projects and high capacity factors.</li> <li style="font-weight: 400;" aria-level="1">Offshore: Present but with no explicit data provided for market share or additional insights.</li> </ul> Region: <ul> <li style="font-weight: 400;" aria-level="1">Brazil: Commands a 34% market share in 2025, bolstered by outstanding wind resources in northeastern states, supportive regulatory policies including energy auctions, and growing local manufacturing capabilities. The country is advancing both onshore and offshore wind developments as part of energy transition efforts.</li> <li style="font-weight: 400;" aria-level="1">Mexico, Argentina, Colombia, Chile, Peru, Others: Mentioned as regions covered without specific market shares or data disclosed.</li> </ul> Regional Insights Brazil dominates the Latin America wind energy market with a 34% share in 2025. The country's leadership stems from exceptional wind conditions, particularly in northeastern states, favorable regulatory frameworks including competitive energy auctions, and significant capacity expansions. Brazil's growing manufacturing capabilities and grid modernization also support its competitive position and ongoing wind energy development. Recent Developments & News In September 2025, Colbún's Horizonte wind farm in Chile commenced full commercial operations, becoming the country's largest wind facility with an installed capacity produced by 140 turbines. This milestone underscores Chile’s increasing contribution to Latin America's wind energy capacity and highlights ongoing growth in the region’s renewable energy infrastructure. Key Players <ul> <li style="font-weight: 400;" aria-level="1">ArcelorMittal</li> <li style="font-weight: 400;" aria-level="1">Casa dos Ventos</li> <li style="font-weight: 400;" aria-level="1">Colbún</li> </ul> If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization. About Us IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.