IEA: Brazil, Chile, and Mexico Will Drive 80% of Regional Renewables

The International Energy Agency (IEA) projects that Brazil, Chile, and Mexico will account for more than 80% of Latin America's renewable capacity expansion between 2025 and 2030, according to La Jornada. The region will add roughly 160 GW of renewable capacity by the end of the decade, with solar photovoltaic as the primary growth driver.

The IEA notes that Mexico's projections stand apart from the rest of the region, driven by the momentum of government initiatives. The country launched a $22 billion energy plan targeting 29 GW of new capacity, alongside grid improvements, storage expansion, and reactivated projects.

Three countries concentrating the bulk of regional growth reflects both their scale and the significance of their policy decisions. For Mexico, sustaining that pace will depend on planning, grid development, and financing advancing in step with generation capacity.

The regional comparison offers a useful benchmark for positioning Mexico against its peers. the Watt will continue tracking IEA reports and the execution of the national plan.