Massive Capacity Needs by 2030
In September 2025, the Latin American Energy Organization (OLADE) projected that the region will need to install 285 gigawatts of new renewable capacity and 24 gigawatts of energy storage by 2030 to keep pace with rising electricity demand and decarbonization goals. The figures were presented during an international energy forum, underscoring the magnitude of the infrastructure challenge ahead. OLADE highlighted that without these additions, the region risks falling short of both climate commitments and energy security requirements.
Drivers of Growth and Challenges
The demand stems from rapid urbanization, electrification of transport and industry, and regional commitments to expand renewable shares in national energy mixes. Countries such as Brazil, Chile, and Mexico are expected to lead in scaling renewables, while Caribbean states face unique challenges due to small grids and vulnerability to climate shocks. OLADE emphasized that the growth must be matched by investments in transmission lines, flexible generation, and storage solutions capable of stabilizing increasingly variable solar and wind inputs.
Policy and Investment Implications
The scale of the projected expansion highlights the need for stronger policy frameworks and international cooperation. Governments will need to accelerate permitting, secure financing mechanisms, and attract private capital to deliver on these targets. For investors, the forecast signals a market opportunity in both large-scale renewable generation and energy-storage technologies. At the same time, OLADE cautioned that the transition must remain socially inclusive, ensuring that the benefits of new infrastructure reach vulnerable communities while minimizing risks of inequality and environmental strain.