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Power On: Latin America

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Recent highlights from the Latin America power and renewables sector: New long-term auctions drive battery energy storage investment, Brazil reforms its interconnection queue, Peru falls short on defining the ancillary battery market

Table of contents

    • Executive summary
    • 1. Long-term energy auctions in Latin America accelerate BESS adoption while redefining priorities beyond pure renewable expansion
    • Figure 1: Tendered capacity in Latin American energy auctions during 2026 (Capacity, MW)
    • 2. Interconnection reform opens the door to more robust renewables investment in Brazil
    • Figure 2: Lens snapshot: renewables development pipeline dispersion versus transmission infrastructure
    • 3. Peru’s long‑awaited ancillary services rules bring new technologies into scope but stop short of defining the market design
    • Figure 3: Peru onshore wind and solar PV tracked pipeline (MW)

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    Power On May Latin America.pdf

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