Ebook
Latin America’s Solar Industry Snapshot: Key Drivers of Growth
Abundant sunlight and rapid PV advancements are catalyzing Latin America’s solar energy sector. Projections indicate a consistent 10% to 15% annual growth through 2025, with Brazil (45 GW), Mexico (3.3 GW), Chile (3 GW), and Colombia (1.9 GW) leading capacity development.
These estimates are firmly grounded in the region’s current successes: Green power now constitutes 60% of Latin America’s electricity generation, making it one of the cleanest networks globally. The continent is one of only two regions in the world (the other being China) that have surpassed their 2030 renewable capacity goals.
What policy and market forces are driving this expansion? Let’s examine these factors and analyze how five leading regions (Brazil, Mexico, Chile, Colombia, Panama/ Costa Rica) are growing their solar sectors.