Rapid growth of photovoltaic power generation in Latin America-2

    The photovoltaic market of Colombia, another major economy in Latin America, is also in a stage of accelerated development. Previously, an important reason for limiting the development of the photovoltaic Solar System In House industry in Colombia was the underdeveloped transmission network. In 2019, Colombia launched the transformation and upgrading of the power grid. At present, market conditions have been improved to a certain extent, and energy companies have invested in photovoltaic projects.

    Chile also has good light and radiation conditions. 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, and the growth is stable. According to the plan of the Chilean government, in order to achieve the carbon reduction goal, Chile will add at least 6 million kilowatts of renewable energy installed capacity in the future.

    Industry insiders predict that with the support of the Latin American market, the newly installed capacity of global photovoltaic power generation will exceed the 200 million kilowatt mark for the first time this year, setting a new record. The European Solar Energy Industry Association predicts that by 2026, Latin America, especially Brazil, will become the main market for new installed capacity of photovoltaic power generation in the world.