Developed by Americas Market Intelligence for the Caribbean Renewable Energy Forum (CREF 2023) organized by New Energy.
Director, Energy Practice
In the first quarter of 2023, Tesla alone shipped 3.9 GWh of battery packs, a sign that the storage market in the U.S. is finally in full swing. Latin America—and the Caribbean, more specifically—is still years away from reaching this scale of momentum. In fact, the entire Caribbean had less than 1 GWh of announced or operating front-of-the-meter storage projects as of Q1 2023, a consequence of high import tariffs on batteries and immature regulatory frameworks. Although there are some Caribbean jurisdictions that are leading the charge, such as the Dominican Republic, Barbados, Puerto Rico and Jamaica, the reality is that the market is still largely underserved. Those that are able to develop a competitive moat, by entering the market early and strategically, will reap the benefits for many years to come.
FREE infographic REPORT
Battery Storage Landscape
Latin America and the Caribbean regulatory challenges, potential projects, and trends in storage capacity.
AMI, the leading market intelligence firm for the energy sector in LAC
AMI provides valuable strategic market research and data intelligence to aid companies in selecting the optimal location, commercial structure, and partnership approach for a prosperous venture in the region. Additionally, we extend our support in identifying energy market prospects in Latin America and the Caribbean, including initiatives in green hydrogen, solar, wind, LNG, biomass, hydropower, and more. With our comprehensive data and analysis, we can assist in refining your investment strategy, allowing you to seize sector-specific growth opportunities while also managing common risks and regulatory uncertainties.