Massive Energy Investments in Latin America and the Caribbean with Focus on Power Transmission Works
Key Ideas
- Energy developers in Latin America and the Caribbean are preparing investments of over US$270bn in projects with power transmission works.
- Brazil leads with the most projects, followed by Mexico, Chile, Peru, and Colombia.
- Several significant projects include TotalEnergies' H2 Magallanes development in Chile and Fortescue green hydrogen facility in Brazil.
- BNamericas forecast shows numerous projects advancing in the coming quarters, indicating a positive outlook for energy development in the region.
Energy developers in Latin America and the Caribbean are gearing up for massive investments exceeding US$270 billion in various projects that include power transmission works, as per BNamericas data. The region currently has 1,945 projects in the early works stage valued at US$238 billion, with 403 projects under construction totaling US$36.9 billion, and 893 projects already operational with investments of US$117 billion. Brazil leads the pack with 1,106 projects, closely followed by Mexico, Chile, Peru, and Colombia. Notable projects include TotalEnergies' US$15 billion H2 Magallanes development in Chile, among others. The region's energy landscape is expected to witness advancements with 207 projects transitioning to new stages by year-end and 139 projects moving forward in the first quarter of the upcoming year. Significant developments in Brazil and Chile, such as the Fortescue green hydrogen facility and NuevaUnion development, further highlight the region's commitment to energy diversification. The positive forecast for the progression of numerous projects in the coming quarters signals a promising future for energy development and infrastructure in Latin America and the Caribbean.