The solar industry in Latin America could register growth of between 10 percent and 15 percent on average by country during 2025, similar to this year, according to Sergio Rodríguez, service manager of Solís, one of the largest photovoltaic investor manufacturers in the world.
The region’s list of solar energy production is headed by countries such as Brazil, with 45 gigawatts (GW); Mexico, with 3.3 GW; Chile, with 3 GW and Colombia, with 1.9 GW.
In addition, according to Rodriguez, Panama, Costa Rica and El Salvador, they are entities in which a dynamism is awakening in this sector due to the high prices of other energy sources.
“Given the high prices of the electric markets, there are many consumers who see the ideal way in self-consumption to save on the electricity bill,” he added.
Faced with the adoption of this renewable environment, he pointed out, growth is expected to be similar to that of 2024 for next year in Latin America and, in the case of Central America and the Caribbean, it could be up to 25 per cent due to the contribution of countries such as Guatemala, Honduras, Panama or the Dominican Republic.
On this path of energy transition, companies like Solís record their own results: in the first half of 2024, the company sent 13.3 GW from solar investors globally, 5 percent more than in the same period last year.
In the case of Mexico, the company has supplied 1.5 GW of investors for distributed generation, representing almost 50 percent of the Mexican market, which currently adds 3.3 GW.