Can Latin America Sustain its Solar Surge?
Intelligence Series Electric Power
Solar growth has been strong in the region's major markets Chile, Brazil and Mexico, but transmission constraints, a lack of financing and political and policy uncertainty may mean that the growth surge slows in the short term....
- Colombia and Peru
- New Projects Coming Online in 2019
- Argentina’s Matrix
- The Brazilian Matrix
- Generation by Source in Chile
- Prices in Peruvian Auctions
- While Latin America has taken great strides in solar development in recent years, the region's governments need to implement long-term policies that facilitate the technology's share of the power mix and ensure a sustainable pipeline of projects.
- Strong market mechanisms and innovative tendering design, such as Chile's 'time-block' auction system, are key for attracting near-term private sector investment in the renewables sector.
- And while public financing makes up a small amount of overall renewable energy financing in Latin America, it should target the off-grid and mini-grid sectors as these projects are often deemed to be uneconomic by private investors.
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