Wind energy: Latin America to outgrow North America

The Americas region will add nearly 92 GW of new wind power capacity from 2013 to 2020, but the rate of growth will be dramatically different between North America and Latin America, according to a new report from MAKE Consulting.

Despite macroeconomic headwinds in North America, the report says enough demand exists to support and build over 6 GW per year; however, the market is crowded. The real opportunity over the next eight years will be in Latin America, where MAKE forecasts a 20% compounded annual growth rate.

Wind in the Americas will add 92 gigawatts of installed capacity between 2013 and 2020, but while North America will grow at a steady six gigawatts per year pace, South America will boom, according to MAKE Consulting