South America: onshore wind capacity to double in 10 years

Onshore wind capacity in South America will reach 79 GW by 2033, boosted by 40 GW of new installations, according to Wood Mackenzie.

Share:

Amérique du Sud : la capacité éolienne terrestre va doubler en 10 ans.

Gain full professional access to energynews.pro from 4.90$/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90$/month*

No commitment – cancel anytime, activation in 2 minutes.

*Special launch offer: 1st month at the indicated price, then 14.90 $/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99$/year*

To access all of energynews.pro without any limits

*Introductory annual price for year one, automatically renewed at 149.00 $/year from the second year.

According to Wood Mackenzie’s latest report, cumulative onshore wind capacity in South America is set to double to 79 gigawatts (GW) by 2033. Developers plan to add 40 GW of new capacity over the next decade. In 2023, a record 5.9 GW of onshore wind additions were reached in South America, largely thanks to a rush in Brazil to secure expiring transit fee subsidies. A record also reached on a global scale.

Brazil leads the way

Despite limited visibility of energy demand, Brazil continues to dominate the market as the largest contributor to regional growth. The country alone will account for 54% of the region’s total growth, adding 21.5 GW by 2033. Chile and Argentina will follow with 6.2 GW and 4.5 GW respectively. All three countries are expected to use commercial and industrial power purchase agreements (PPAs) to support wind power development.

Challenges and opportunities

According to Kárys Prado, senior analyst at Wood Mackenzie, despite a slowdown in policy-driven renewables overcapacity in the two main markets (Brazil and Chile), South America will face limited growth in the medium term. Market recovery will depend on grid upgrades to overcome solar competition and increases in energy demand, such as green hydrogen opportunities.

Transmission infrastructure and the free market

The report indicates that limited transmission infrastructure will remain a challenge for onshore wind in the region, which will face fierce competition from cheap solar PV. The open market, with its negotiable contract terms and large consumers pursuing decarbonization objectives, will remain essential for onshore wind expansion as markets mature in Argentina, Brazil, Chile and Peru.

Regional outlook

Colombia and Ecuador will continue to rely on the regulated market and its centralized auctions to support development. State-owned companies in Bolivia, Guyana and Uruguay should also play a crucial role in promoting onshore wind projects. A clear supply and demand policy is essential to unlock South America’s potential, from diversifying the energy mix to green hydrogen. Onshore wind capacity in South America is expanding rapidly, driven by the free market and large consumers committed to decarbonization. Infrastructure and transmission policies will play a key role in this growth, offering a rich perspective on the region’s energy future.

With 816 MW of capacity and 140 turbines, Colbún’s Horizonte wind farm launched its commercial phase in early September after a gradual deployment over several months.
VSB Germany is developing over 800 megawatts of wind, solar, and storage projects, with 20% originating from repowering, confirming an investment strategy focused on optimising existing assets.
Danish group Ørsted will raise new funds through a rights issue to strengthen its financial structure and cover needs linked to the full ownership of the Sunrise Wind project.
Norway has received two bids for offshore sites in the Utsira Nord zone, marking a key step in the country’s floating wind development.
EDP Renováveis has completed the sale of twelve operational wind farms in France and Belgium to Amundi Transition Energétique for an enterprise value of €200mn ($215mn).
Octopus Energy has signed a strategic agreement with Ming Yang Smart Energy to deploy up to 6 GW of wind projects in the UK, combining software technology and turbines to boost local capacity.
The US government has requested the judicial cancellation of the federal permit granted in 2024 for an offshore wind project, citing impacts on commercial fishing and maritime rescue operations.
Vattenfall commits new investment to the Clashindarroch II onshore wind project, a 63MW site in Scotland set to begin construction in 2026 and deliver first power in 2027.
Alerion Clean Power enters the Irish market through the acquisition of an onshore wind farm in County Tipperary, as part of its 2025–2028 industrial plan.
Driven by China's acceleration, global wind capacity is expected to reach 170 GW in 2025, paving the way for a doubling of installed capacity by 2032.
Ocean Winds reaches a new milestone with the installation of the first foundation at the Dieppe – Le Tréport offshore wind farm, which will comprise 62 turbines supplying nearly 850,000 people.
Pennavel and BrestPort strengthen their partnership around the South Brittany floating wind project, aiming to structure industrial operations from 2030 at the EMR terminal of the port of Brest.
Van Oord has completed the installation of 109 inter-array cables at the Sofia offshore wind farm, marking a major logistical milestone for this North Sea energy infrastructure project.
Italian producer ERG will supply 1.2 TWh of energy to Rete Ferroviaria Italiana starting in October, marking a step forward in structuring the national PPA market.
The Chinese turbine manufacturer has signed a strategic agreement with Mensis Enerji to develop an initial 4.5 GW wind power portfolio in Turkey, strengthening its position in a fast-growing regional market.
The Trump administration plans to revoke federal approval of the New England Wind project, jeopardising offshore wind contracts representing 2,600 MW of capacity off the northeastern US coast.
Orsted and two U.S. states have taken federal legal action to contest the abrupt halt of the Revolution Wind project, a $5 billion offshore venture now at risk of prolonged suspension.
SPIE Wind Connect will carry out subsea connections for phase II of the TPC project, a major development in Taiwan’s offshore wind sector with a projected annual capacity of 1,000 GWh.
Envision Energy launches its first project in Turkey in partnership with Yildizlar Group, adding 232 MW to the national wind capacity in Karaman province.
ABO Energy maintains its annual targets despite a drop in half-year profit, relying on cost-cutting measures and early project sales to secure cash flow.

Log in to read this article

You'll also have access to a selection of our best content.