Powering Progress: Solar Market Trends in Latin America Brazil, Chile, and Mexico in Focus
Latin America spans environments from arid deserts to tropical rainforests and includes economies at various stages of development. These factors contribute to the region’s significant potential for solar photovoltaic (PV) energy. Between 2020 and 2024, the annual solar PV installations in Brazil, Chile, and Mexico experienced a substantial increase, growing from 6.2 GW to 18.9 GW. However, this upward trend is expected to slow beginning in 2025, primarily due to a projected decline in Brazil’s PV deployment. Drawing on in-depth market data from EUPD Research, this short study explores the evolving policy landscape and its impact on the renewable energy sector. By analyzing key trends and opportunities, it provides valuable insights into the intersection of sustainability, innovation, and economic growth across the region.
Publisher of "Market Insights": Solar Promotion GmbH | EUPD Research Sustainable Management GmbH
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