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.
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