Latin America may see wind power installations of up to 85GW by 2030. Credit: MyEyeSees.

The Global Wind Energy Council (GWEC) has joined forces with Latin American Energy Association OLADE to cooperate on renewable energy development in the region.

The two organisations signed a memorandum of understanding (MoU) to define the scope of collaboration and provide a roadmap for energy transition in Latin America. With this partnership, GWEC and OLADE seek to address key challenges in the sector and expedite wind energy growth.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

According to GWEC Market Intelligence, Latin America has the potential for high wind energy growth. The region may see wind power installations of up to 85GW by 2030.

GWEC CEO Ben Backwell said: “With electricity consumption projected to rise by more than 70% by 2030 in Latin America, it is crucial that more clean energy is integrated into the region’s power systems to ensure energy security and limit the impact of climate change to power economic growth.”

GWEC and OLADE will exchange information, share technological expertise and conduct joint studies. Both the organisations will also organise events, and cooperate on relevant research and publications.

Specifically, they will collaborate on sustainable energy development, energy project financing frameworks; planning; and regulatory frameworks among others.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

OLADE executive secretary Alfonso Blanco said: “This partnership will be important to receive their knowledge and expertise of industry drivers for wind power integration at large scale into our markets and grid systems.”

The two organisations are slated to publish their first joint report early in 2020. The report will cover renewable energy auctions in Latin America.