Wind power growth is surging in Latin America and is expected to lead the region's renewables race with some 10,000 MW of capacity slated to come online in eight years, according to industry experts.
“Wind is growing exponentially as many plants begin operating or are scheduled for construction,” says Nestor Lunas, a research director at Latin American Energy Organization Olade, based in Quito, Ecuador.
He adds there are ambitious wind development projets, mainly in Brazil and Mexico, but also in Costa Rica, Argentina, Uruguay, Venezuela, Colombia, Chile, Peru and Dominican Republic.
He says current capacity stands at 3,500 MW-4,000 MW and could easily reach 10,000 MW by 2020.