Vulnerable solar markets, and what makes them tick
Part III*: Low tender bidding for solar projects in Latin America is common, with low bids celebrated despite the risk of poor quality and unprofitability. There is no cushion in the margin of these projects to account for the many risks of project development. Unless governments in these regions are willing to guarantee returns, the biggest risk for Latin America is low bidding – though historically unstable economies and governments in many countries are reasons for concern.
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