LATIN AMERICAN WIND TO DOUBLE OVER TEN YEARS

Latin America Wind Market Assessment;Wind Power Activities by Country: Developers/Owners, Wind Plant Sizes, Wind Turbines Deployed, Commissioning Dates, Market Share, and Capacity Forecasts

4Q 2013 (Navigant Research)

“…Wind plant construction across Latin America is modest compared to the more established markets like the United States, Europe, and China, but it is an emerging market that is taking off at a rapid pace. The region has become the hottest alternative growth market for the wind energy industry…Globalization is driving sustainable economic growth in most Latin American countries, resulting in greater energy demand. Wind is increasingly viewed as a valuable and essential answer to increasing electricity generation across most markets in Latin America. Strong wind resources, coupled with today’s sophisticated wind turbines, are providing cost-effective generation that is competitive with fossil fuel generation. Most Latin American countries also rely heavily on hydroelectricity, which balances well with variable wind generation. Navigant Research forecasts that if most wind plants under construction with planned commissioning go online as scheduled, annual wind power installations in Latin America will grow from nearly 2.2 GW in 2013 to 4.3 GW by 2022…” click here for more

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