The Latin American wind turbine market is estimated at USD 6.6 billion in 2025 and is projected to reach USD 13.9 billion by 2035, reflecting a CAGR of 7.6% over the forecast period. Growth is being supported by auction-led renewable energy policies, abundant wind resources, and increased regional investment in operations, maintenance, and technical workforce training.
| Attributes | Key Insights |
|---|---|
| Estimated Value (2025) | USD 6.6 billion |
| Projected Size (2035) | USD 13.9 billion |
| Value-based CAGR (2025 to 2035) | 7.6% |
As of early 2023, utility-scale wind capacity across Latin America had surpassed 41.5 GW, with combined solar and wind capacity exceeding 69 GW, according to Global Energy Monitor. Brazil held the regional lead, with over 24 GW of installed wind capacity by April 2023, ranking sixth globally. Regions such as Rio Grande do Norte and Bahia were identified with mean wind speeds above 8 m/s, enabling utility-scale farms to contribute nearly 80% of national capacity.
By Q4 2023, over 30 GW of wind energy had been contracted under Brazil’s upcoming energy auctions, earmarked for deployment between 2024 and 2026. According to the Ministério de Minas e Energia, cumulative auction investments between 2013 and 2024 were estimated at USD 42 billion, largely focused on wind energy projects.
Outside Brazil, expansion was also being witnessed. Chile and Argentina had set annual wind capacity growth targets between 6% and 7%, facilitated through competitive auctions and renewable incentives. However, in Colombia, delays were reported in the La Guajira region due to transmission constraints and social opposition. Developers including Enel and EDP Renewables confirmed the cancellation of multiple projects in 2024 due to community resistance and regulatory hurdles.
A shift toward turbines exceeding 3 MW in rated capacity was observed, aligned with efforts to boost capacity factors in high-resource areas. Interest in hybrid systems combining wind and battery storage was also noted.
In 2024, Airswift stated that operator demand had driven a sharp increase in turbine operations and maintenance (O&M) hiring across Brazil, Chile, and Mexico, with staffing and technician training programs being accelerated to support reliability goals.
The annual growth rates of the Latin America wind turbine market from 2025 to 2035 are illustrated below in the table. Starting with the base year 2024 and going up to the present year 2025, the report examined how the industry growth trajectory changes from the first half of the year, i.e. January through June (H1) to the second half consisting of July through December (H2). This gives stakeholders a comprehensive picture of the sector’s performance over time and insights into potential future developments.
The table provided shows the growth of the sector for each half-year between 2024 and 2025. The market was projected to grow at a CAGR of 6.7% in the first half (H1) of 2024. However, in the second half (H2), there is a noticeable increase in the growth rate.
| Particular | Value CAGR |
|---|---|
| H1 (2024 to 2034) | 6.7% |
| H2 (2024 to 2034) | 6.8% |
| H1 (2025 to 2035) | 6.9% |
| H2 (2025 to 2035) | 7.0% |
Moving into the subsequent period, from H1 2024 to H2 2024, the CAGR is projected as 6.9% in the first half and grow to 7.0% in the second half. In the first half (H1) and second half (H2), the market witnessed an increase of 10 BPS each.
Horizontal Axis Wind Turbines (HAWT) are estimated to hold nearly 89% of the Latin America wind turbine market share in 2025 and are projected to grow at a CAGR of 7.7% through 2035. Their long-standing commercial deployment, high capacity factor, and scalability make them the preferred choice for utility-scale power generation across Brazil, Argentina, Chile, and Mexico. In 2025, project developers and utility providers favor HAWTs for their aerodynamic performance, mature supply chain, and compatibility with grid integration technologies.
Manufacturers continue to optimize blade length, yaw systems, and direct-drive configurations to improve energy capture and reduce operating costs. As national targets for renewable energy increase across the region, HAWT installations are expected to remain the core contributor to wind-based capacity expansion.
Onshore wind installations are projected to account for approximately 94% of the Latin American market in 2025 and are forecast to grow at a CAGR of 7.6% through 2035. Favorable land availability, lower construction costs, and proximity to consumption centers support continued preference for onshore wind over offshore alternatives. In 2025, key Latin American economies-including Brazil and Chile-continue to commission large onshore wind projects as part of renewable portfolio standards and decarbonization commitments.
Government-led auctions, feed-in tariffs, and private power purchase agreements (PPAs) further incentivize onshore capacity development. Manufacturers and EPC contractors focus on modular turbine designs and localized logistics solutions to address terrain variability and reduce installation lead times, ensuring steady onshore market dominance in the region.
Growing demand for renewable energy sector
Latin America has witnessed strong investment, with an average annual increase of around 10%. The continent is investing over USD 15 billion yearly and the total investment accounted for to almost USD 167 billion in 2015 to 2024. The growth of investment is mainly due to large number wind and solar plants being setup to meet the energy demand. In 2022 the Latin America invested around USD 19.2 billion in renewable energy projects. Renewable energy in Latin America has seen exponential growth in recent years owing to strong support from government policies and rapidly falling prices of renewable energy. All these factors have surged the demand for wind energy and thereby expected to drive the wind turbine industry in the near future.
Brazil is forefront in the renewable energy sector owing to large investment in renewable energy sector. Country has positioned itself as a world leader in renewable energy job creation followed by China. Since 2018, Brazil has seen the largest number of renewable energy jobs in Latin America. In the latest rankings of the Renewable Energy Country Attractiveness Index (RECAI), Brazil was ranked 14th globally, ahead other Latin American countries.
Brazil is the largest energy market in Latin America. Its commitment to renewables is evident in the country’s Energy Expansion Plan (PDE) for 2021 to 2031, which aims for 50% renewable sources in the total energy mix. In 2020, renewables accounted for 85% of the electricity sector’s demand, and this number is expected to rise to 88% by 2030.
Brazil’s commitment to renewables is reflected in the number of renewable energy plants built this year. In this period alone, 160 power plants began operating, including 67 wind farms with a capacity of 2.3 GW and 59 solar PV plants generating 2.2 GW.4 In total, 5.1 GW was installed, constituting half of the growth target set by the National Electric Energy Agency (ANEEL) for 2023, of 10.3 GW.
Brazil’s wind power dominance has pushed the demand for wind turbine market
Wind energy is currently the third biggest energy source in Brazil, boasting an installed capacity of just over 26 GW and making up 13.7% of the country’s electricity mix. With 935 wind farms (over 9,000 wind turbines) already built and an additional 4.6 GW of capacity expected to be operational by 2023, Brazil has made significant strides in the wind energy sector, securing its position as the 6th largest global player in wind energy. By 2028, the country is expected to have almost 44.8 GW of installed capacity.
While offshore wind energy is still an emerging market, according to Brazil’s environmental regulator Ibama there are 74 projects in the licensing phase, which, if approved, have the potential to generate 183 GW of power and become operational within the next six years. Brazil’s commitment to wind power is evident in its investments. In 2022, wind sector investments reached USD 6.2bn, accounting for 42% of all investments made in renewable energy sources. In 2022, wind energy generation had the capacity to supply an average of 41.5 million homes per month, benefiting approximately 124 million citizens. This avoided more than 26 million tonnes of CO2 emissions, equivalent to the annual emissions of around 22 million cars. From 2016 to 2024, the Brazilian wind sector is projected to avoid GHG valued at between USD 12bn and 14bn.
Decrease in adoption and reliance on fossil fuel for electricity generation
As renewable power generation continues to rise, Brazil’s reliance on fossil-fuel generation is expected to decrease significantly in the coming years. According to BloombergNEF and the Climate Investments Fund (CIF), on its current trajectory Brazil is projected to achieve 81 GW of renewable energy capacity by 2030 and 190 GW by 2050. As a result, estimations indicate a decline in the contribution of gas, oil and coal to Brazil’s power generation, which will fall from 13% to 4% by 2050. Consequently, Brazil’s power generation is estimated to reach 95% zero-carbon by 2050, further solidifying its position as one of the world’s cleanest major markets and helping destroy fossil fuel demand.
Uruguay started its move away from fossil fuel-based electricity generation in 2005 with a National Energy Plan that set a target of 15% renewables by 2015, including 300 MW of wind. Not only did Uruguay reach its goal a year early, but in 2015 the country had almost three times more installed wind energy than targeted (857 MW). Uruguay achieved the quickest renewable deployment in the world - between 2013 and 2018, generation increased from 1% to 35%. A great drought in 2020 made hydropower unreliable, which pushed further investment in renewables, mainly into wind power. Investment in renewable energy was also incentivized through several tax breaks. In 2021, those investments had already paid off - Uruguay sold its surplus wind and solar electricity to Brazil and Argentina, making USD 529m. In the last decade, Uruguay invested over USD 8bn in the renewable energy sector, with the result that, today, 98% of electricity comes from renewables. In 2021, wind and solar generated 47% of the country’s electricity, the third highest percentage in the world, with the rest mainly provided by hydropower. The country has 48 wind farms, with 1,525 MW of installed capacity.
High potential of wind energy drives demand for wind turbine in Latin America
Latin America has established itself as a mature player in the global energy transition, with over two decades of experience in deploying renewable energy. Countries like Uruguay and Costa Rica have already achieved nearly 100% renewable energy grids, and 16 of the region’s 33 countries have committed to net zero emissions by mid-century or earlier, in alignment with the Paris Agreement. This strong foundation underscores Latin America’s crucial role and readiness to further advance in the global energy transition.
Latin America is at a critical juncture in its renewable energy journey, with vast potential to harness its abundant wind resources to drive economic growth, reduce carbon emissions, and achieve Sustainable Development Goals (SDGs). Accelerating investments in renewable energy in Latin America presents significant advantages, including job creation, enhanced economic security, infrastructure development, supply chain resilience, and poverty alleviation within local communities. However, these potential benefits are undermined by persistent challenges, such as a volatile policy landscape, complex permitting processes, inadequate community engagement, and the unequal distribution of benefits, which erode public trust and leave communities feeling marginalized from the economic gains of wind energy projects, fueling frustration and resistance.
Unlocking the full potential of wind energy in Latin America requires a strong foundation of social acceptance. Governments must create an enabling environment, while the industry must work collaboratively with communities to not only deliver clean energy to the region but also to ensure a just energy transition. This includes prioritizing streamlined and efficient permitting processes, ensuring equitable benefit-sharing that upholds public interest, and fostering trust through early and continuous engagement with local stakeholders. By addressing these critical areas, Latin America can accelerate its wind energy deployment, ensuring that both environmental and socioeconomic benefits are realized, and paving the way for a sustainable energy future.
Risk associated with flying vertebrates is predicted to slow down the development of Latin America wind turbine industry
Wind energy production in Latin America is growing, but there are several constraints related to environmental, social, political, and economic factors. Latin America hosts 40% of the world’s biodiversity, including nearly 450 species of bats. It is also an essential corridor for migratory bird species. .Expanding wind energy in the region can help mitigate the impacts of global warming, but environmental impacts, such as collision risk for certain species of birds and bats, may contribute to biodiversity loss.
For birds, Latin America and the Caribbean are home to 775 endemics bird species, representing 18% of the total, many of which are potentially threatened by wind farms. The neotropical realm, hosts between 4,400 and 4,560 bird species and serves as an important corridor for many migratory species. However, the installation of wind farms in areas used as migratory routes can lead to habitat fragmentation.
The migratory corridors over Latin America are critical for many bird species, and wind farms located in these corridors can lead to flight path changes, habitat fragmentation, and disrupted ecological connectivity. Additionally, for the region’s high diversity of bats, the presence of wind farms near feeding or migratory areas increases collision risk.
As of 2023, at least 69 bird species had been recorded as collision victims with wind turbines across Latin America. The most affected bird orders include Passeriformes, followed by Columbiformes, Galliformes, Cathartiformes, and diurnal raptors (Accipitriformes and Falconiformes). The species with the highest proportion of mortality records was the northern bobwhite (Colinus virginianus), classified as “near threatened”.
Tier 1 companies comprise players with a revenue of above USD 500 million capturing a significant share of 40-45% in the Latin America market. These players are characterized by high production capacity and a wide product portfolio. These leaders are distinguished by their extensive expertise in manufacturing and reconditioning across multiple wind turbine applications and a broad geographical reach, underpinned by a robust consumer base. Prominent companies within Tier 1 include Enel Spa, ACCIONA, Vestas, Iberdrola, S.A., Vortex, and other players.
Tier 2 companies include mid-size players with revenue of below USD 500 million having a presence in specific countries and highly influencing the local industry. These are characterized by a strong presence overseas and strong industry knowledge. These players have good technology and ensure regulatory compliance but may not have advanced technology and wide global reach. Prominent companies in tier 2 include Toshiba Energy Systems & Solutions Corporation, Siemens Gamesa, LM Wind Power, thyssenkrupp AG, ENERCON Global GmbH, and other player.
The section below covers the industry analysis for wind turbine demand in different countries. The demand analysis on key countries in Latin America region is provided.
Brazil will hold 37.3% market share due to XX. Chile occupied around 17.8%. Colombia accounted for 15.2%.
| Countries | Value CAGR (2025 to 2035) |
|---|---|
| Argentina | 8.5% |
| Brazil | 6.4% |
| Chile | 7.9% |
| Colombia | 7.1% |
| Uruguay | 8.2% |
The sale of wind turbine in Brazil is projected to reach USD 5,185.7million and is estimated to grow at an 6.4% CAGR by 2035.
Wind energy is becoming one of the main energy sources of the Brazilian Power Sector. The installed capacity increased from 24,700 MW in 2007 to 1,537,885 MW in 2022.
In Brazil, the development of the power sector was strongly based on large hydroelectric plants with extensive water reservoirs. However, due to the intensification of environmental pressures and the depletion of water potential, the diversification of the Brazilian electrical matrix became urgent. To achieve this objective, one of the main actions was the expansion of national wind farms. This expansion allowed the expressive increase of the participation of wind energy in the national electricity matrix, accounting for 9.0% of the Brazilian matrix in 2019, and thus the third energy source in terms of installed capacity after hydropower (60.5%) and thermal (24.2%).
The sales of wind turbine in the Chile is projected to reach USD 2,474.7million by 2035. Over the forecast period, demand for wind turbine industry within the Chile is predicted to grow at an 7.9% CAGR.
For the first time, wind and solar generated more of Chile’s electricity than coal over a full 12-month period, from August 2021 to September 2022. Solar and wind generated 27.5% of Chile’s electricity over the 12 months from October 2021 to September 2022. For the first time in history, this brings its contribution just above coal, which dropped to 26.5% after being the biggest generator of electricity for over a decade.
In just three years, Chile’s annual solar and wind electricity generation doubled from 9 TWh (12%) in 2018 to 18 TWh (22%) in 2021. Chile’s rapid transition from coal power to wind and solar while growing its electricity demand provides inspiration for other emerging economies.
Decoupling emissions and economic growth is the goal for emerging economies that want to continue to develop while also tackling the climate crisis. While many countries still rely on coal to meet expanding electricity demand, Chile has proven that wind and solar can do the job. In 2016, Chile peaked its use of fossil fuels in the power sector, and since then it has rapidly reduced its dependence on coal, despite electricity demand growing throughout that period.
The demand for wind turbine in Colombia is projected to reach USD 2,113.2 million and grow at a CAGR of 7.1% by 2035.
Colombia has world-class wind and solar energy potential and recent regulatory updates have enacted a robust framework of incentives. However, as of 2022, solar and wind have an operating installed capacity of just about 1.5% of the capacity mix. The next five years could see a sharp increase in solar and wind capacity. If the approved capacity effectively enters into operation, shares of solar and wind energy in Colombia’s capacity mix will increase to nearly 40% by 2027.
Colombia’s rich wind and solar energy potential is estimated at 30 GW and 32 GW, respectively, according to SER Colombia, which is more than Colombia’s current installed capacity of 18.8 GW. Of particular interest is La Guajira region, with world-class wind resources (average wind speeds of 9.8 m/s) and 18 GW of Colombia’s wind power potential. However, this potential has remained to a large extent untapped: the country’s operating installed capacity for solar in 2022 was 290 MW and for wind 18.4 MW representing 1.5% and 0.1% of the capacity mix, respectively.
Key companies producing wind turbine are slightly consolidate the market with about 50-55% share that are prioritizing technological advancements, integrating advanced production technologies, and expanding their footprints in the Latin America region. Customer satisfaction remains paramount, with a keen focus on producing wind turbine to meet diverse applications. These industry leaders actively foster collaborations to stay at the forefront of innovation, ensuring their wind turbines align with the evolving demands and maintain the highest standards of quality and adaptability.
Recent Industry Developments:
The Product Type segment is further categorized into Horizontal Axis Wind Turbine (HAWT) and Vertical Axis Wind Turbine (VAWT).
The Capacity segment is classified into Micro Wind Turbine (<30 kW), Small Scale Wind Turbine (31 kW - 100 kW), Medium Scale Wind Turbine (101 kW - 500 kW), Large Scale Wind Turbine (501 kW - 2 MW), and Utility Scale Wind Turbine (>2 MW).
The Location of Deployment segment is classified into On Shore and Off Shore.
The End Use segment is classified into Residential, Commercial, Industrial, and Utility.
Countries considered in the study include Argentina, Brazil, Chile, Colombia, Uruguay, Peru, and Other Countries.
The Latin America wind turbine market in Brazil was valued at USD 2,491.1 million in 2025.
The demand for Latin America wind turbine industry is set to reach USD 13.9 billion in 2035.
Governments across Latin America are implementing supportive policies and incentives to boost renewable energy adoption, including wind power. These include auctions for renewable energy projects, tax incentives, and long-term power purchase agreements (PPAs) and region boasts high wind potential, particularly in areas such as northeastern Brazil, the Patagonia region of Argentina, and coastal areas in Chile. These natural resources provide ideal conditions for wind energy generation.
The Latin America wind turbine industry demand was valued at USD 6.6 billion and is projected to reach USD 13.9 billion by 2035 growing at CAGR of 7.6% in the forecast period.
Utility end use is expected to lead during the forecast period.
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Wind Turbine Industry Analysis in Latin America
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