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.
Though it remains one of Latin America’s leading PV markets, Chile has struggled with solar overcapacity on some days.
Stay informed
pv magazine is the leading trade media platform covering the global solar photovoltaics industry. Log in or purchase a digital or print version of this issue to read this article in full.
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.