4 Charts Explaining Latin America’s Impending Solar Boom

By [email protected] Latin America is making its mark on the global solar map.

In 2010, the region barely had a solar market to speak of. In 2021, the region is expected to have more than 40 gigawatts of installed solar capacity, according to the latest edition of GTM Research’s Latin America PV Playbook.

This year, the region is expected to boost its share of global PV demand to more than 6.2 percent, up from around 2.4 percent in 2016, and virtually no solar demand just a few years earlier. The report projects strong solar growth in several quasmajor Latin American markets, such as Mexico

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