Market Report
Solar PV dynamics in Latin America 2021
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Latin America will install 11.3 GWdc of solar PV capacity in 2021 for a total of 71.9 GWdc by 2026, driven by commercial and industrial clients in the free market (mainly in Brazil and Chile), as auctions take a less meaningful role for procurement. Brazil will be the main driver of new installed capacity, accounting for 46% of the region’s new build this year, followed by Chile (23%) and Mexico (18%). Short and mid-term headwinds limit the region's full realization of solar PV's potential, which range from regulatory changes, to Covid-related setbacks, to infrastructure availability.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Asset Report
Block 20 (Pungarayacu)
Pungarayacu is one of the largest undeveloped resources in Latin America with an estimated OOIP up to 12 billion barrels. It is an ...
$3,720
Insight
Latin America upstream in brief: 2023 archive
The Latin America upstream in brief provides Wood Mackenzie's view on key industry events in Latin America and the Caribbean as they unfold.
$1,350
Insight
Too much, too fast? India’s solar manufacturing boom risks leading to overcapacity
India's solar PV supply and demand dynamics, overcapacity risks and strategic opportunities for Indian manufacturers in global markets
$3,000
