The region installed approximately 2.5 GW of storage capacity by mid-2025, with projections indicating a compound annual growth rate of 8% through 2034, culminating in 23 GW
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The Latin American region will see a compound annual growth rate of 8% for its energy storage market through 2034, reaching a total of 23 gigawatts (GW), according to Wood Mackenzie''s
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With over 1 GW of BESS capacity already installed as of October 2025, the Chilean market demonstrates unprecedented velocity in deploying large-scale storage solutions.
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South America is the continent most dependent on renewable energy, but it is a market that has been difficult for the energy storage industry to penetrate – most South American countries
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According to IRENA, renewable energy dominance in the region continues, with solar and wind expected to account for 90% of new installed capacity. However, infrastructure challenges persist,
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The forecast period (2025-2033) suggests continuous growth, driven by expanding renewable energy capacity and the ongoing need for grid modernization and resilience in the face of climate change.
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Today, Latin America and the Caribbean have an installed capacity of approximately 2.5 GW; this includes 1.5 GW from BESS (Battery Energy Storage Systems) and 1 GW attributable to
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In its new report titled Latin America Energy Storage Outlook 2025, the research and consultancy firm finds that Chile leads the region with the largest installed storage capacity,...
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This blog provides an overview of the solar and storage markets across key Latin American countries, highlighting major projects, policies, and trends shaping the region in 2025.
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With projected revenues of nearly $5.9 billion by 2030—up from $680 million in 2023—the region is poised for a rapid and uneven expansion in storage markets across utility-scale,
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