Insight
Latin America power and renewables: 5 key things to look for in 2023
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Report summary
What will 2023 look like for the Latin America power and renewables sector? In this insight, we discuss the key topics and big moves that will impact the industry. Solar PV will become the most competitive technology in the region and, together with energy storage systems, it will significantly increase the volume of hybrid projects development. The industry will cautiously monitor the impact of Brazil’s new administration on the energy sector while the country, together with Colombia and potentially Uruguay, strongly pave the way to an offshore wind boom in the region. Lastly, Colombia will finally see the first steps to address the grid congestion the electricity industry has been facing through a long-awaited transmission auction. Brazil is also expected to hold transmission auctions starting in June 2023.
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