Latin America Renewable Energy Market to Reach USD 160.45 Billion by 2035 from USD 68.4 Billion in 2025 at an 8.9% CAGR - SRI

London, UK - October 2026 | Strategic Revenue Insights Inc. - Mexico's renewable projects, Brazil's capacity auctions, and mining sector demand are driving strong growth in the Latin America renewable energy market. According to Strategic Revenue Insights, the latin america renewable energy market was valued at USD 68.4 billion in 2025 and is projected to reach USD 160.45 billion by 2035, registering a CAGR of 8.9%. The report was prepared by lead analyst Thomas Müller. The source report does not disclose detailed methodology, including the number of primary interviews or the specific secondary datasets used.

Key Takeaways

• Market value is projected to rise from USD 68.4 billion in 2025 to USD 160.45 billion by 2035, at a CAGR of 8.9%.
• Solar photovoltaic is the largest source with a 30% share in 2025 and a 9.5% CAGR, while green hydrogen and other sources grow fastest at 10.0%.
• Utility-scale installations hold a 50% share, state utilities lead ownership with 40%, and utilities are the largest end user with 40%, while mining is the fastest-growing end user at a 9.4% CAGR.
• Brazil is the largest country market with a 30% share in 2025, while Mexico records the highest CAGR at 9.3%.
• Named market participants include CFE, Eletrobras, and Enel.

Report URL: https://www.strategicrevenueinsights.com/industry/latin-america-renewable-energy-market

Capacity Auctions and Mining Demand Drive Renewable Growth

SRI estimates that Mexico's renewable energy projects add 2.0 percentage points to market growth, while Brazil's capacity auctions, which attract domestic and foreign investment through competitive pricing, add 1.5 points. Mining sector demand for off-grid renewable solutions is a further driver.

Onshore wind holds a 25% share with a 9.2% CAGR, residential and distributed installations are the fastest-growing installation type at 9.4%, and independent power producers are the fastest-growing ownership segment at 9.2%. The market is expected to reach USD 104.76 billion by 2030.

Market Segmentation

By Source: Solar Photovoltaic, Onshore Wind, Hydropower, Bioenergy, Geothermal, and Green Hydrogen & Other. Solar photovoltaic leads with 30%.

By Installation: Utility-Scale, Commercial & Industrial, and Residential & Distributed. Utility-scale leads with 50%.

By Ownership: State Utilities, Independent Power Producers, and Mixed Public-Private Schemes. State utilities lead with 40%.

By End User: Utilities, Industrial, Mining, and Commercial. Utilities lead with 40%.

By Country: Brazil, Mexico, Chile, Colombia, Argentina, Peru, and Rest of Latin America.

Regional Outlook

The report covers North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Brazil leads with a 30% share in 2025 (USD 20.52 billion, growing to USD 49.03 billion by 2035 at a 9.1% CAGR), followed by Mexico at 25% with the highest CAGR of 9.3% (USD 17.10 billion to USD 41.61 billion), Chile at 15% with an 8.7% CAGR, and Colombia at 10% with an 8.5% CAGR. The source provides no further region-specific market values or growth rates.

Competitive Landscape

The report names CFE, Eletrobras, Enel, Iberdrola, AES Andes, Engie, and Neoenergia as key companies. SRI estimates that the five largest companies hold about 43% of Latin America revenue; CFE holds a 12% share, Eletrobras 10%, Enel 8%, Iberdrola 7%, AES Andes 6%, Engie 6%, and Neoenergia 5%.

Market Restraints

Regulatory delays in project approvals reduce growth by an estimated 1.5 percentage points, and economic instability subtracts a further 1.2 points.

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Frequently Asked Questions

What is the size of the latin america renewable energy market in 2025?

The market is valued at USD 68.4 billion in 2025.

What will be the market size by 2035?

The market is projected to reach USD 160.45 billion by 2035.

What is the expected CAGR of the latin america renewable energy market?

The market is projected to expand at a CAGR of 8.9% from 2026 to 2035.

Which segment is largest in the latin america renewable energy market?

Solar photovoltaic is the largest source with a 30% share in 2025.

Which region leads the latin america renewable energy market?

Brazil leads with a 30% share in 2025 (USD 20.52 billion, growing to USD 49.03 billion by 2035 at a 9.1% CAGR), followed by Mexico at 25% with the highest CAGR of 9.3% (USD 17.10 billion to USD 41.61 billion), Chile at 15% with an 8.7% CAGR, and Colombia at 10% with an 8.5% CAGR.

About Strategic Revenue Insights Inc.

Strategic Revenue Insights Inc., part of SRI Consulting Group Ltd, is a London-headquartered market intelligence firm that helps organizations across industries and geographies make evidence-based revenue and strategy decisions. The firm produces syndicated research reports and customized consulting engagements built on rigorous market sizing, forecasting, and competitive benchmarking, drawing on a globally connected team of analysts and consultants.

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