Commodity Market Report

Latin America levelised cost of electricity 2023 (LCOE)

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This report provides an analysis and outlook to 2050 for power technology and generation cost trends in Latin America. It includes levelised cost of electricity (LCOE) data covering 14 key technologies, including gas combined cycle, gas peaker, onshore wind, offshore wind (fixed-bottom and floating), utility-scale solar (with and without tracker), nuclear, battery storage, solar hybrid (with and without tracker), and distributed solar technologies. This annual power and renewables system costs and LCOE report for Latin America provides technology-level analysis for five markets (Mexico, Brazil, Chile, Argentina and Colombia). The report examines competition between renewable power, fossil fuel power and energy storage in each country, and highlights critical inflexion points in the cost trajectory.

Table of contents

  • Executive Summary

Tables and charts

This report includes 1 images and tables including:

  • Technology average LCOEs ($/MWh, real 2023)

What's included

This report contains:

  • Document

    Latin America LCOE 2023.pdf

    PDF 877.42 KB

  • Document

    Latin America LCOE 2023_Data.xlsx

    XLSX 542.16 KB