The quick growth of photovoltaic PV power generation in Latin America

A couple of days back, the European Solar Energy Sector Organization released the "Global Market Expectation Record" as well as explained that in 2021, the just recently installed solar energy generation ability in Latin America will undoubtedly be 9.6 million kilowatts a boost of 44%. By the end of 2021, the advancing installed capability of solar energy generation in Latin America has actually exceeded 30 million kilowatts, an increase of greater than 40 times compared with 2015. It is expected that under the promo of policies, the solar market in Latin America will absolutely continue to be to improve in the future. Before 2026, the region's installed solar or PV power generation capability will certainly increase by 30.8 million kilowatts each year.

With the increasing demand for emission reduction and economic recovery, the development of photovoltaics has gradually become an essential task in the region. Among them, Brazil, Colombia, Chile, and other countries regard the development of renewable energy represented by photovoltaics as the main driving force for economic growth and put forward related initiatives or green plans.

Brazil is the very first nation in Latin America to release renewable resource through bidding for central photovoltaic or pv power plants. On top of that, distributed solar jobs have constantly delighted in preferential plans in Brazil, consisting of tax obligation reductions as well as allowing owners to sell excess power online.

Rodrigo Lopes Sauaia, Chief Executive Officer of the Brazilian Solar Power Organization, said that policy support is the vital to the continued development of the Brazilian PV market. According to Brazil's most recent legislation, distributed solar tasks carried out prior to 2022 will appreciate tax reductions until 2045.

In the middle of soaring electrical power bills, photovoltaics have arrived for electricity usage in Brazil. "In the past year, power rates in Brazil have actually boosted by 20% to 25%, which will undoubtedly conserve a lot of day-to-day costs for end customers who pick photovoltaics.

Data from the European Solar Energy Market Association show that in 2021, Brazil's newly set up capacity of solar power generation will certainly get to 5 million kilowatts. As of the end of April this year, Brazil's collective installed ability of solar power generation has actually reached 15 million kilowatts. It is estimated that in 2022, the newly mounted capacity of photovoltaic or pv power generation in Brazil will surpass 12 million kilowatts, and the advancing mounted capacity of solar power generation will get to 25 million kilowatts, indicating an eruptive development in the sector.

Nonetheless, with the boost in the cumulative installed capability of solar power generation, Brazil is dealing with the issue of lagging power storage growth. In 2021, the range of bidding process for central photovoltaic nuclear power plant in Brazil was reduced. According to Rodrigo Lopes Sauaia, pertinent working teams have actually been established in the Brazilian market, wanting to develop a roadmap regarding regulations, guideline, taxes, modern technology, funding, and so on.

The photovoltaic or pv market of Colombia, one more major economic situation in Latin America, is additionally in a stage of sped up development. The marketplace problems have actually boosted to a certain degree, as well as energy companies have actually bought photovoltaic or pv tasks.

Up to now, the cumulative installed capacity of photovoltaic power generation in Chile has exceeded 3 million kilowatts, and the annual installed capacity of photovoltaic power generation is about 500 thousand kilowatts. According to the plan of the Chilean government, to achieve the carbon reduction goal, Chile will add at least 6 million kilowatts of renewable energy installed capacity in the future.

Market experts predict that with the assistance of the Latin American market, the freshly installed ability of worldwide solar power generation will go beyond the 200 million kilowatt mark for the very first time this year, establishing a new document. The European Solar Power Sector Association predicts that by 2026, Latin America, especially Brazil, will come to be the globe's key market for freshly mounted photovoltaic power generation.

A few days ago, the European Solar Energy Industry Association released the "Global Market Outlook Report" and pointed out that in 2021, the newly installed photovoltaic power generation capacity in Latin America will be 9.6 million kilowatts, an increase of 44%. It is estimated that in 2022, the newly installed capacity of photovoltaic power generation in Brazil will exceed 12 million kilowatts, and the cumulative installed capacity of photovoltaic power generation will reach 25 million kilowatts, indicating an explosive growth in the industry.

It is estimated that in 2022, the newly installed capacity of photovoltaic power generation in Brazil will exceed 12 million kilowatts, and the cumulative installed capacity of photovoltaic power generation will reach 25 million kilowatts, indicating an explosive growth in the industry.

Up to now, the cumulative installed capacity of photovoltaic power generation in Chile has exceeded 3 million kilowatts, and the annual installed capacity of photovoltaic power generation is about 500 thousand kilowatts. A few days ago, the European Solar Energy Industry Association released the "Global Market Outlook Report" and pointed out that in 2021, the newly installed photovoltaic power generation capacity in Latin America will be 9.6 million kilowatts, an increase of 44%. By the end of 2021, the cumulative installed capacity of photovoltaic power generation in Latin America has exceeded 30 million kilowatts, an increase of more than 40 times compared with 2015. It is estimated that in 2022, the newly installed capacity of photovoltaic power generation in Brazil will exceed 12 million kilowatts, and the cumulative installed capacity of photovoltaic power generation will reach 25 million kilowatts, indicating an explosive growth in the industry.