In Which Countries Renewable Energy Emerging Markets Are Growing the Most

The global energy landscape is shifting faster than ever, and renewable energy emerging markets are at the heart of this transformation. Countries once dependent on fossil fuels are now racing to harness solar, wind, and hydropower, creating unprecedented opportunities for businesses ready to expand into these dynamic regions where clean energy growth is essential.

China Leads the Global Renewable Energy Revolution

China has firmly established itself as the dominant force in renewable energy emerging markets, adding 212 GW of solar and 51 GW of wind capacity in early 2025 alone. The country’s strategy combines aggressive policy, manufacturing scale, and coordinated investment. Wind and solar now generate 18% of China’s electricity.

China’s manufacturing prowess has driven down costs globally, making solar panels 84% cheaper than in 2009. For businesses considering entry into renewable energy emerging markets, China’s supply chain dominance means both opportunity and competition in this rapidly evolving landscape

Latin America, Where Brazil and Chile Set the Pace

Latam's renewable energy emerging markets

Brazil, The Renewable Powerhouse

Brazil stands out as a leader among renewable energy emerging markets in Latin America. The country already 85% of its electricity from renewable sources, with hydropower forming the foundation and solar and wind capacity expanding rapidly.

Between 2023 and 2028, Brazil is projected to add 108 GW of renewable capacity, representing 58% of all new renewable capacity in Latin America. The country’s success stems from consistent policy support, abundant natural resources, and a mature infrastructure for clean energy deployment.

Chile, a Solar Energy Innovation Hub

Chile generates 35% of its energy from solar and wind, the highest share in Latin America. The Atacama Desert provides some of the world’s best solar irradiation conditions, attracting billions in investment from international developers.

Chile is also pioneering energy storage solutions to address grid constraints, making it the largest storage market in Latin America. This practical approach to solving real infrastructure challenges makes Chile an attractive market for businesses with innovative renewable solutions.

Colombia and Costa Rica, Emerging Opportunities

Colombia and Costa Rica have both doubled their renewable energy investments in recent years. Costa Rica already derives 75% of its energy from renewables, while Colombia is advancing offshore wind projects and preparing its first auctions in 2025.

Both countries benefit from strong policy frameworks and geographic advantages that make renewable deployment economically attractive. Colombia’s Caribbean coast offers exceptional wind resources, while Costa Rica’s volcanic geography provides abundant geothermal and hydroelectric potential, positioning both nations as rising stars in Latin America’s energy transition.

India's Rapid Ascent in Clean Energy

India represents one of the most exciting opportunities in renewable energy emerging markets. The country surpassed its 2030 goal of achieving 40% renewable capacity nine years ahead of schedule, a remarkable achievement that demonstrates serious government commitment.

India’s approach combines ambitious national targets with strong incentives for domestic manufacturing. The country is emerging as a major player in energy storage, clean hydrogen, and solar panel production. For businesses looking to enter renewable energy emerging markets, India offers a massive population, growing energy demand, and supportive policies.

Key Factors Driving Growth in These Markets

Policy stability, natural resources, government incentives, manufacturing capacity, and grid infrastructure explain why certain countries lead in renewable energy emerging markets. Brazil’s auctions, China’s manufacturing scale, and Chile’s regulatory frameworks show how smart policy accelerates clean energy deployment.

  • Policy stability and long-term planning create investor confidence
  • Natural resource advantages like high solar irradiation or consistent wind patterns
  • Government auctions and incentives that provide revenue certainty
  • Manufacturing capacity that reduces technology costs

Grid infrastructure development that enables renewable integration

Partner with Experts Who Understand These Markets

Entering renewable energy emerging markets requires local expertise and strategic partnerships to navigate regulatory environments and connect with decision-makers. We specialize in helping businesses expand into Latin America’s transforming renewable energy markets through deep market intelligence and proven outbound strategies. 

A illustration on a map of Latin America with network lines symbolizing lead generation growth.

Your Trusted Partner in LATAM Expansion

From market research to legal compliance, we guide your business every step of the way.