South America’s offshore wind scene is home to 108 announced projects to date, that together represent approximately 229.47 GW of prospective capacity. However, meaningful activity is currently concentrated in just two markets. Brazil commands roughly threequarters of the pipeline, underpinned by a robust strong renewable energy potential, abundant Atlantic trade winds, and legislation progressing towards seabed leasing and contract-for-difference support.
Colombia, with about 6 GW in Caribbean waters, complements a smaller reserve of projects with a fully articulated regulatory framework, detailing seabed allocation, an auction timetable, and fiscal incentives.
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