Photovoltaic Energy spreads in the emerging economies. Focus on Latam countries


Photovoltaic energy is growing exponentially in the world thanks to technology and the consequent ever greater ease of installation. It is scalable, reliable and easy to understand for users, differentiating itself from other more expensive and polluting energies. The economically most developed countries in Europe and the United States have relied on renewable energy with a great initial momentum in the past years, but all the trends confirm that today the emerging economies are those most active in favoring the transition to renewable sources for production of clean energy.

A huge advantage that these countries have underestimated for years is that of their favorable geolocation in the areas with the greatest solar irradiance. Countries such as those belonging to North Africa and the Middle East have the highest percentages of solar energy availability in the world. But the world record of solar irradiation lies with Chile, where in the area of the Atacama desert reaches shares of 275W per square meter.

For this reason and beyond, the regions of Latin America are one of the main hubs for the future development of renewable energy and photovoltaics in particular.

Although not all Latin American countries are proceeding with the same pace, for example Venezuela and Bolivia who prefer to continue exploiting their hydrocarbon resources, but the fall in prices and a concurrent increase in demand have resulted in multi-gigawatt pipelines in Chile, Mexico and Brazil.

In light of these developments, the Latin American market is on track to grow exponentially, with a cumulative forecast of 41 gigawatts of PV demand installed between 2016 and 2021.

The entire continent has annual growth rates (on the use of renewable energy) above 4%. and the United Nations Organization reveals that Mexico is the country that invests more in the renewable energy sector with over $ 3,900 million followed by Chile, Uruguay, Honduras and Peru.

Despite being hit by political and economic firestorms last year, Brazil is still expected to command a top-five share of PV demand in Latin America, Chile is currently the leader of cumulative PV installed in Latin America and Mexico has the largest contracted pipeline in the entire region, with over 4 gigawatts of solar contracted out through 2018-2019, with upcoming clean energy targets of 25 percent by 2018, 30 percent by 2021, and 35 percent by 2024.

However, the great development of renewables and photovoltaics in the Latin American regions must still reach levels comparable to those of the major industrialized countries, but a further positive factor in this direction is given by the increasingly careful political guidelines of the various governments that finance with incentives. and ad hoc laws for the development of renewables. By the end of the decade, Latin America will represent 10 percent of global PV demand.

Articoli correlati

2018 Renewable energy statistics in Italy
23 July 2019
The legislation of photovoltaic systems in Italy and the new FER 1 Decree
8 July 2019
Challenges of Utility Scale Solar PV Projects
3 June 2019
Self-consumption and electricity sales options for photovoltaic systems
25 May 2019
The advantages of industrial rooftop photovoltaic systems
20 May 2019
The importance of choosing a qualified solar EPC contractor
3 May 2019
How much energy does a solar photovoltaic panel produce?
1 April 2019
Utility Scale Solar farms are seeing exponential growth
20 March 2019
MENA Solar Energy Outlook 2019
23 January 2019
Enerray’s expanding business in MENA
9 January 2019
Algeria starts its renewable energy future with a 150 MW solar PV tender
17 December 2018
Oman will build the largest solar park in the region
12 November 2018
Utility Scale Solar PV Parks in UAE and Gulf Area
17 October 2018
Commercial and industrial rooftop solar systems in UAE and Gulf Area
25 September 2018
Design and construction of photovoltaic shelters
20 September 2018
In Dubai is borning a sustainable city powered by renewables
30 August 2018
Tunisia plans to improve its economy and invest in green energy
28 August 2018
MENA Region Solar Energy Oulook 2018
24 July 2018
The Benban Solar Park shines Egypt’s renewable energy targets
17 July 2018
Shams Dubai program and DEWA’s initiatives to increase solar power in Dubai
22 June 2018
Solar power, an optimal source of energy in places where there is lack of water
11 June 2018
How a PV system works?
30 May 2018
Socio-Economics Benefits from Renewable Energies – MENA Region
22 May 2018
What are the advantages and disadvantages of solar energy?
18 May 2018
The transition to a fully renewable powered energy system in Southeast Asia
14 May 2018
How does solar energy work and how can it be converted into electricity ?
10 May 2018
The transition to a fully renewable powered energy system in Latam
20 April 2018
The transition to a fully renewable powered energy system in the MENA region
30 March 2018
A global transition to 100% renewable electricity is feasible
26 March 2018
Photovoltaic Energy spreads in the emerging economies. Focus on Latam countries
15 February 2018