A few days ago, the European Solar Energy Industry Association released the global market outlook report, which pointed out that in 2021, the new installed capacity of photovoltaic power generation in Latin America was 9.6 million kilowatts, an increase of 44%. By the end of 2021, the installed capacity of photovoltaic power generation in Latin America had exceeded 30 million kilowatts, an increase of more than 40 times over 2015.
Driven by policies, the photovoltaic market in Latin America will continue to improve. By 2026, the installed capacity of photovoltaic power generation in this region is expected to increase by 30.8 million kilowatts per year. At present, about 25% of energy supply in Latin America comes from renewable energy, mainly hydropower and biomass power generation. With the increase of demand for emission reduction and economic recovery, developing photovoltaic has gradually become an important work in this region. Among them, Brazil, Colombia, Chile and other countries all regard the development of renewable energy represented by photovoltaic as the main driving force of economic growth, and put forward green development plans or related initiatives.
Brazil is the first country in Latin America to deploy renewable energy through bidding for centralized photovoltaic power stations. According to the statistics of the Brazilian photovoltaic solar Association (AB solar), by June 2022, the cumulative photovoltaic installed capacity in Brazil reached 16.4GW, of which the installed capacity from January to June this year reached 2.7GW. At the same time, Brazil's electricity price continued to rise, with statistics showing that the increase in the previous year reached 20% - 25%. The high electricity price also drives the installed capacity of local new energy represented by photovoltaic, and Brazil is expected to become the fourth largest photovoltaic demand country in the world this year.
The photovoltaic market in Colombia, another large economy in Latin America, is also in the accelerated development stage. Previously, an important factor restricting the development of Colombia's photovoltaic industry was the underdeveloped transmission network. In 2019, Colombia started the transformation and upgrading of the power grid. At present, the market conditions have been improved to a certain extent, and energy enterprises have invested in photovoltaic projects.
Chile also has good lighting conditions. Up to now, the installed capacity of photovoltaic power generation in Chile has exceeded 3 million kilowatts, and the annual installed capacity of photovoltaic power generation is about 500000 kilowatts, and the growth speed is stable. According to the plan of the Chilean government, in order to achieve the goal of carbon reduction, Chile will add at least 6 million kilowatts of renewable energy installed capacity in the future.
Industry insiders predict that the new installed capacity of global photovoltaic power generation will break the 200 million kilowatt mark for the first time this year, creating a new record. The European Solar Energy Industry Association predicts that by 2026, Latin America, especially Brazil, will become the main market for the new installed capacity of global photovoltaic power generation.
