Latin America PV installations to rise 350% in 2015

Facebook
Twitter
LinkedIn
Reddit
Email

Latin America is forecast to install 2.2GW of PV in 2015, a 352% increase from 625MW in 2014, according to the recently released 'Q1 2015 Latin American PV Playbook' report from GTM Research.

Half the projects will be in Chile. meanwhile Honduras is forecast to undertake a huge rise to 460MW installed capacity in 2015, up from 5MW in 2014. It will overtake Mexico as the region's second biggest market. Meanwhile Brazil will fall off the top five market list below Panama and Guatemala.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The region’s total pipeline is now 34GW, with 25GW announced, 6.8GW contracted, 1.9GW under construction and 943MW operational.

In Q1 2015, the region installed 207MW.

A GTM statement said Latin America is positioned to be one of the most attractive regions for solar development in the world.

The previous report, covering Q4 2014, revealed that the Latin America PV market grew by 370% last year, with Chile accounting for more than three quarters of total production.

GTM's top five PV Installed capacity table:

  2014 2015 (forecast)
1st Chile Chile
  493MW 1GW
2nd Mexico Honduras
  67MW 460MW
3rd Brazil Mexico
  22MW 195MW
4th Guatemala Guatemala
  6MW 98MW
5th Honduras Panama
  5MW 62MW

Read Next

December 6, 2024
The company recorded losses of US$179.1 million in Q3, with revenues of US$88.5 million, in a continually difficult year.
December 6, 2024
US$14 million net losses for the quarter compared with net income of US$4 million in Q2 2024 and US$22 million in Q3 2023.
December 6, 2024
Encavis has commissioned a 114MW solar park in Borrentin, Germany, the largest project in its German portfolio.
December 6, 2024
The US Treasury and IRS have released their final rules for the implementation of the Section 48 Investment Tax Credit (ITC).
December 6, 2024
Singapore-headquartered solar manufacturer EliTe Solar has commissioned a solar cell production plant in Indonesia.
Premium
December 6, 2024
French independent power producer Reden has recently launched a module assembly line with an annual nameplate capacity of 200MW in France.

Subscribe to Newsletter

Upcoming Events

Solar Media Events, Upcoming Webinars
December 12, 2024
9am GMT / 10am CET
Solar Media Events, Upcoming Webinars
December 18, 2024
9am GMT / 10am CET
Solar Media Events
February 4, 2025
London, UK
Solar Media Events
February 17, 2025
London, UK