- At Intersolar South America 2025, SolarPower Europe, in collaboration with the Global Solar Council (GSC), and supported by the Brazilian Solar Energy Association (ABSOLAR), the Colombian Renewable Energy Association (SER Colombia), the Colombian Solar Energy Association (ACOSOL), the Mexican Solar Energy Association (ASOLMEX), the Peruvian Renewable Energy Association (SPR), and the Argentinian Renewable Energy Chamber (CADER), launched the second edition of its report on solar investment opportunities in Latin America.
- This latest work of SolarPower Europe’s Global Markets Workstream provides a comprehensive overview of solar investment opportunities in five priority countries: Argentina, Brazil, Colombia, Mexico, and Peru.
- The report explores investment prospects within these countries, their market dynamics, regulatory frameworks, as well as concrete recommendations to accelerate solar deployment.
- Specifically, the report outlines Latin America’s renewables target; the region aims to achieve a 70% share of electricity generated from renewables by 2030.
SÃO PAULO, Brazil (Thursday, 28th August): SolarPower Europe has published its ‘Latin America: Solar Investment Opportunities’ report, in collaboration with the Global Solar Council. This new publication offers key insights into the Argentinian, Brazilian, Colombian, Mexican, and Peruvian solar sectors, and opportunities for international investment.
Latin America: Solar Investment Opportunities
Argentina, Brazil, Colombia, Mexico, and Peru.
Download the report
Katherine Poseidon, Head of Strategy, Analytics & Process, Europe, Africa & International, Voltalia, and Chair of SolarPower Europe’s Global Markets Workstream (she/her) stated; “Latin America's strong solar resources can be an engine for regional growth. This report focuses on several major solar markets in the region, providing clear guidelines to investors alongside concrete recommendations for policymakers looking to tap into Latin America's potential.”
Máté Heisz, Chief Operating Officer at SolarPower Europe (he/him) highlighted; “With established markets and a robust pipeline, Latin America stands out in the global solar landscape. Our report equips investors with the intelligence, trends, and data to navigate one of the world’s most promising renewable energy regions.”
Sonia Dunlop, CEO of the Global Solar Council (she/her) said; "Investment is the key to transforming Latin America’s solar promise into progress. By unlocking capital through blended finance, risk-mitigation tools, and clearer market structures, we can scale solar where it’s needed most. A better and prosperous future for countries across Latin America is not just possible with solar – it's powered by it.”
Latin America is committed to expanding its renewable energy capacity, aiming to have at least 70% of its electricity generated from renewable energy by 2030, in line with the 2019 Renewable Energy for Latin America and the Caribbean (RELAC) Initiative.
As the region undergoes its energy transition, the solar sector in particular, is experiencing consistent growth, offering investors a chance to contribute to a sustainable future while achieving attractive returns.
Rodrigo Sauaia, CEO of ABSOLAR and Chair of the Global Solar Council (he/him) said; “Latin America brings together extremely favorable conditions to accelerate the region’s sustainable energy transition. Countries like Brazil are showing positive signs in this direction, but there is still an important path ahead to consolidate solar power as a strategic driver of Latin American development.”
Marcelo Alvarez, President, Cámara Argentina de Energias Renovables (CADER), and Board Member of the Global Solar Council (he/him) said; “This market report reveals significant growth in Argentina's solar PV sector. Driven by falling costs, the country's solar capacity is projected for a strong and sustainable expansion, highlighting a promising future for solar energy investments.”
Nelson Delgado, Director General of ASOLMEX (he/him) said; “Mexico has world-class potential to significantly expand solar PV generation across the board, from distributed systems to utility-scale projects. This report outlines the main schemes designed to attract new investment in the solar and energy storage sectors, aiming to accelerate Mexico’s energy transition, while enhancing the reliability and resilience of the power system.”
Ms. Raquel Carrero, General Manager of the Peruvian Renewable Association (SPR) (she/her) said; "Peru is one of the countries with the best solar resources in the world for power generation. This renewable resource will help diversify the country’s energy mix, decarbonise its economy, and meet the goal of delivering clean, affordable energy nationwide. With the right regulation, a modern transmission system, and the creation of a market for storage and ancillary services, Peru can attract further green investment to boost its economic growth."
This publication was drafted by SolarPower Europe’s Global Markets Workstream. The workstream was launched in March 2018, to identify new avenues for worldwide business and cooperation, and contribute to the global energy transition.
The report is the sixteenth in a series of SolarPower Europe’s global market reports, which includes: Algeria, Côte d’Ivoire, India, Kazakhstan, Latin America, the Middle East, Morocco, Mozambique, Myanmar, Oman, Senegal, Tunisia, and Vietnam.
Notes:
- The ‘Latin America: Solar Investment Opportunities’ report provides an overview of Argentina, Brazil, Colombia, Mexico, and Peru’s business environments, and major macroeconomic trends, while analysing the regulatory framework, and infrastructure network of each country. Across all five countries, the report finds several common barriers are impacting solar PV deployment: infrastructure constraints, especially in transmission networks; inconsistent regulatory implementation across jurisdictions; and limited access to financing and risk mitigation tools. The report provides detailed, country-specific recommendations aimed at resolving these bottlenecks. These range from improving permitting processes and harmonising regulations, to boosting the bankability of Power Purchase Agreements (PPAs), and facilitating battery energy storage deployment.
Questions? Get in touch.
Thérèse O Donoghue
Press and Communications Advisor
ABOUT
About the Global Solar Council
The Global Solar Council is the voice of the world’s solar PV industry representing corporate members across the value chain as well as national, regional and international associations to accelerate solar deployment globally.
About ABSOLAR
Founded in 2013, ABSOLAR is a non-profit private legal entity that brings together companies from the entire production chain of the solar PV sector operating in Brazil.
About CADER
CADER is a multi-sectoral, non-profit commercial chamber that represents all sectors and actors of renewable energies including: bioenergy, wind, solar, biomass, hydropower, tidal, and all forms of renewable energy in Argentina.
About ASOLMEX
ASOLMEX was created in May 2014, with the purpose of promoting the development of solar PV electricity generation at the national level. ASOLMEX integrates more than a hundred companies related to all segments of the value chain, both distributed generation and large scale.
About SPR
SPR is a non-profit civil association that brings together companies and organisations committed to the development of non-conventional renewable energy in Peru. With a group of more than 50 members, they spread the word about the importance of renewable energy and how each of them can contribute to the development and conservation of the planet, as well as the future of humanity.
About ACOSOL
ACOSOL is Colombia’s solar energy association that brings together the full PV value chain - installers, suppliers, manufacturers, certifiers and trainers. It represents more than 100 member companies focused on small-scale self-generation and distributed generation.
About Intersolar South America
Intersolar South America is Latin America's largest exhibition and conference for the solar industry, which brings together manufacturers, suppliers, distributors, service providers and solar industry partners.
About the RELAC initiative
The RELAC initiative was created at the end of 2019 within the framework of the United Nations Climate Action Summit, with the objective of reaching at least 70% of renewable energy participation in the regions’ electricity mix by 2030.
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