PV developers basking in the Latin American sun
Latin American market: With energy demand typically growing at an annual rate of 4 to 6%, Latin American countries require hundreds of new megawatts of power capacity to be installed each year. Carlos Albero and Ragna Schmidt-Haupt from global renewable energy consultancy GL Garrad Hassan examine the bright opportunity for PV there, exploring how developers are navigating different policy and market conditions across the region.
That Latin America has both great solar resources and rising electricity demand is undeniable. But the policy environment in each country poses distinct challenges. Solar developers are modifying their approach to Latin America’s various markets to convert potential into return. This year, Brazil, the biggest market in the region, will see solar PV participate for …
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