Latin America: solar market par excellence. Top 3 countries by installed solar capacity

Latin America is the global frontier for unsubsidised solar markets. With high solar irradiation levels and growing demand, Latin America is positioned to be one of the most attractive regions on the planet for solar development. In line with the September edition of the Latin America PV Playbook from GTM Research, during Q2 2015, 363 MW of PV energy came online across Latin America in utility-scale plants, setting a new record for the region.

During this same period, a total of 3.2 GW of PV projects were announced for the region with a total of 891 MW entering construction phase. By the end of H2 2015, the PV projects pipeline in Latin America will have reached 38.2 GW. As regards the players in the market, SunEdison is the leading developer in Latin America, with 318 MW of capacity in operation. Enel Green Power has the largest pipeline in the region with 1.7 GW.

By country, Chile is currently the biggest solar power market. In line with the latest report on the status of renewables in Chile, published by the CIFES, the National Centre for Innovation and Promotion of Sustainable Energy, part of Chile’s Ministry of Energy, as at 30 September in Chile, there was a total of 741 MW of PV installed in the interconnected systems, the SING and SIC (taking as projects in operation those delivered for commercial operation, as well as those
projects that are interconnected and undergoing testing). Read more…

Article published in: FuturENERGY October 2015