The global pet care market is foretold to improve in the forthcoming years as matched to the preceding years and will showcase better sales in various market segments. It is estimated that the global pet care market will grow at a CAGR o…
BMI View: We have revised upward our forecasts for Chile's non-hydro renewables sector through to
2025, in light of the results of the country's biggest ever electricity supply auction, where renewables -
particularly wind - emerged as the biggest winners. The recent developments reaffirm our view that Chile is
the most attractive market for non-hydro renewables development in Latin America. It is supported by
attractive regulations, high electricity prices, favourable natural conditions and stable business
Latest Updates And Structural Trends
? Following the Chile's largest ever electricity supply, we have upgraded our 10-years forecasts for the
country's non-hydro renewables industry. We now expected the renewables capacity to grow by an
annual average of 19.7% during 2016-2025, reaching 10,020MW in 2025. This compares to our previous
projection of 9,188MW in 2025 before the auction.
? Taking into consideration strong performance of wind sector in the auction, we have revised upward our
forecasts for wind capacity growth, which we now see expanding at an annual rate of 18.1% over the
coming decade, reaching almost 4.4GW by 2025.
? Conversely, we have downgraded our near-term outlook for the solar sector. We believe solar capacity
will rise by an average of 30.1% per annum during 2016-2025, with the total figure slightly exceeding
5.0GW by the end of our forecast period.