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  • geo65sco geo65sco Jan 8, 2013 12:38 PM Flag

    Latin American Photovoltaic Power Set to Grow at 45% Through 2017

    Latin American Photovoltaic Power Set to Grow at 45% Through 2017

    JOHANNESBURG--January 7, 2013--Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Sugar Land, Texas)--Demand for solar photovoltaic (PV) energy across Latin America and the Caribbean is poised for explosive growth through 2017, with a compound annual growth rate (CAGR) forecast at 45%, according to the new NDP Solarbuzz --Emerging Markets Report: Latin America and Caribbean. "Historically, PV demand was confined to rural off-grid and niche applications, but new renewable energy policies and incentive programs are now opening up the region for strong PV deployment. Set against a backdrop of strong economic growth, expanding energy demand, and increasing electricity prices, the conditions for PV appear particularly attractive," said Chris Sunsong, Solarbuzz analyst.

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