South America Renewable Energy Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers South America Renewable Energy Market Growth & Outlook and it is Segmented by type (Hydro, Solar, Bioenergy, Wind, and Others) and Geography (Brazil, Chile, Argentina, and Rest of South America). For each segment, the market sizing and forecasts have been done based on installed capacity (GW).

South America Renewable Energy Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

South America Renewable Energy Market Size

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South America Renewable Energy Market Summary
Study Period 2021 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2021 - 2023
CAGR 7.00 %
Market Concentration High

Major Players

South America Renewable Energy Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of South America Renewable Energy Market with other markets in Energy & Power Industry

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South America Renewable Energy Market Analysis

The South America Renewable Energy Market is expected to register a CAGR of greater than 7% during the forecast period.

The market was negatively impacted by COVID-19 in 2020. Currently. The market has reached pre-pandemic levels.

  • Long-term, things like government policies and efforts to meet the growing need for power with renewable energy sources are expected to contribute a lot to the growth of the market.
  • On the other hand, the South American renewable energy market is expected to slow down during the forecast period due to a lack of transmission infrastructure that can send and distribute renewable energy.
  • Even so, putting the region's large offshore wind potential to commercial use and developing it are still big opportunities for the market after the forecast period.

South America Renewable Energy Industry Overview

The South America renewable energy market is fragmented. Some of the major companies, in no particular order, include Enel Green Power S.p.A., Iberdrola S.A., Aes gener sa, Vestas Wind Systems A/S, and Electricite de France SA, among others

South America Renewable Energy Market Leaders

  1. Enel Green Power S.p.A.

  2. Iberdrola S.A.

  3. Aes gener sa

  4. Vestas Wind Systems A/S

  5. Electricite de France SA

  6. *Disclaimer: Major Players sorted in no particular order
South America Renewable Energy Market Concentration
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South America Renewable Energy Market News

  • September 2022: The government of Peru announced that five solar power plants totaling 600 MW of capacity will come into operation in 2023. These utility-scale projects include the 100 MW Continua Chachani, the 300 MW Continua Misti, the 60 MW Continua Pichu Plants in the Arequipa region, the 123 MW Clemessolar park in the Moquegua region, and the 20 MW Milagros Solar park in the Loreto region.
  • April 2022: 16 Chilean energy projects involving a combined investment of USD 923 million were either submitted for environmental evaluation or accepted for processing. The 420 MW solar PV park Sol de Caone (Sphere Energy unit ItahueEnergy), the 236 MWp PV park Don Daro (Ebco Energa), and the 79 MWp solar farm Inca de VarasI (GPG) are among these projects.

South America Renewable Energy Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Renewable Energy Mix, 2019
  • 4.3 Installed Capacity and Forecast in GW, till 2027
  • 4.4 Recent Trends and Developments
  • 4.5 Government Policies and Regulations
  • 4.6 Market Dynamics
    • 4.6.1 Drivers
    • 4.6.2 Restraints
  • 4.7 Supply Chain Analysis
  • 4.8 Porter's Five Forces Analysis
    • 4.8.1 Bargaining Power of Suppliers
    • 4.8.2 Bargaining Power of Consumers
    • 4.8.3 Threat of New Entrants
    • 4.8.4 Threat of Substitute Products and Services
    • 4.8.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Type
    • 5.1.1 Hydro
    • 5.1.2 Solar
    • 5.1.3 Bioenergy
    • 5.1.4 Wind
    • 5.1.5 Other Types
  • 5.2 Geography
    • 5.2.1 Brazil
    • 5.2.2 Chile
    • 5.2.3 Argentina
    • 5.2.4 Rest of South America

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Enel Green Power S.p.A.
    • 6.3.2 Iberdrola S.A.
    • 6.3.3 Aes gener sa
    • 6.3.4 Vestas Wind Systems A/S
    • 6.3.5 Electricite de France SA
    • 6.3.6 Atlas Renewable Energy
    • 6.3.7 ABO Wind AG
    • 6.3.8 Invenergy LLC
    • 6.3.9 Mainstream Renewable Power Ltd
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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South America Renewable Energy Industry Segmentation

Renewable energy is energy that comes from a source that doesn't run out when it's used, like solar or wind power.

The South American renewable energy market is segmented by type and geography. By type, the market is segmented into hydro, solar, bioenergy, wind, and others. The report also covers the market size and forecasts for the South American renewable energy market across the major countries. For each segment, the market sizing and forecasts have been done based on installed capacity (GW).

Type Hydro
Solar
Bioenergy
Wind
Other Types
Geography Brazil
Chile
Argentina
Rest of South America
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South America Renewable Energy Market Research FAQs

What is the current South America Renewable Energy Market size?

The South America Renewable Energy Market is projected to register a CAGR of greater than 7% during the forecast period (2025-2030)

Who are the key players in South America Renewable Energy Market?

Enel Green Power S.p.A., Iberdrola S.A., Aes gener sa, Vestas Wind Systems A/S and Electricite de France SA are the major companies operating in the South America Renewable Energy Market.

What years does this South America Renewable Energy Market cover?

The report covers the South America Renewable Energy Market historical market size for years: 2021, 2022, 2023 and 2024. The report also forecasts the South America Renewable Energy Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

South America Renewable Energy Industry Report

Statistics for the 2025 South America Renewable Energy market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America Renewable Energy analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.