Latin America levelised cost of electricity (LCOE) 2023 Report

Market Report 07 February 2024

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Report summary

This report provides an analysis and outlook to 2050 for power technology and generation cost trends in Latin America. It includes levelised cost of electricity (LCOE) data covering 14 key technologies, including gas combined cycle, gas peaker, onshore wind, offshore wind (fixed-bottom and floating), utility-scale solar (with and without tracker), nuclear, battery storage, solar hybrid (with and without tracker), and distributed solar technologies. This annual power and renewables system costs and LCOE report for Latin America provides technology-level analysis for five markets (Mexico, Brazil, Chile, Argentina and Colombia). The report examines competition between renewable power, fossil fuel power and energy storage in each country, and highlights critical inflexion points in the cost trajectory.