The Latin America Renewable Energy Market is being driven by the growing demand for energy, rapid urbanisation, and the growing technological advancements. The growing need to adopt sustainable development policies owing to the depletion of natural resources and increasing carbon emissions is resulting in the increased installation of renewable energy. The rising environmental concern and growing focus on diversifying energy supply across the globe while reducing dependence on unreliable and volatile fossil fuel markets, particularly oil and gas, is aiding the market growth.