Low cost solar industry 2.0
Latin America: For firms in Latin America, the huge amount of second-hand machinery now available on the market offers a great opportunity to start up low-cost industrial projects able to compete strongly on price. However, global overcapacity and as yet scant local demand mean that initiatives of this sort are still small-scale and few and far between.
So far photovoltaic solar energy has been very much the ugly duckling of Latin America’s renewable energy sector. The region is far from competing with Europe or Asia in terms of either production volume or demand for facilities. In fact, of the 100 GW of solar power installed worldwide, barely 0.3 is to be found …
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