Wood Mackenzie Sees Latin America Storage Market Reaching 34 GW by 2035
- Location
- Latin America
- Source
- pv magazine →
Key Facts
Wood Mackenzie has raised its forecast for Latin America's energy storage capacity, projecting growth from 2.5 GW in 2025 to 34 GW by 2035. The firm attributes the increase to renewable curtailment, grid constraints, auctions, and supportive policies across the region.
Regional breakdown
Chile leads current deployment, while Mexico, Brazil, Argentina, and the Dominican Republic are scaling up their storage capacity, according to the forecast.
Barriers remain
Wood Mackenzie notes that unclear revenue models, financing constraints, and regulatory gaps remain key barriers to further storage deployment in the region.
This brief summarizes public reporting and does not republish the original article in full. Read the complete story at pv magazine.