Latin America could exceed 2025 the 20,000 million dollars in investments of renewable energieswhich would consolidate the region as the most dynamic in its global adoption, according to figures from the Economic Commission for Latin America (ECLAC).
As for solar energy, growth is headed by Brazil, Mexico, Chile and Colombia, in addition, they continue to the Panama, Guatemala, Costa Rica and El Salvador, according to Sergio Rodríguez, head of Solis technology for the North American country and Central America.
To detail this increase, Rodríguez commented that “the high prices of electrical energy help more companies and domestic users invest in cheaper and environmentally friendly energies.”
Along the same lines, the Latin American Energy Organization (OLADE) presented at the end of last year its report ‘Energy Panorama of Latin America and the Caribbean’, which revealed an increasing energy demand, and significant advances in the transition to renewable sources, especially solar and wind.
Also, the document makes 17 million people in the region continue without access to basic energy services.
Therefore, Solis, a company dedicated to the manufacture of solar investors, estimates that the photovoltaic solar industry is “prepared for significant expansion, driven by the growing demand for clean energy, technological advances and the evolution of government policies.”
The energy reform in Mexico
In the case of Mexico, Solis expects the country to exceed 10 Gigawatts (GW) of solar capacity installed this 2025, with the growth of distributed generation and energy storage solutions, which will play a crucial role in the transformation of the energy panorama.
To this context is added the recent approval of the energy reform in the Mexican Senate, which includes the Energy Planning and Transition Law that guides planning towards these renewable sources, promoting the sustainable use of energy and the reduction of polluting emissions.
Although the discussion and possible approval of the reform by the Chamber of Deputies for officialization and entry into force is still expected.
In addition, Rodríguez stressed that “the increase in the limit of exempt electricity generation from 0.5 to 0.7 megawatts (MW) can support a greater growth of this industry to generation distributed this year.”
“While regulatory uncertainty remains a challenge, Mexico continues to attract investments in solar projects, consolidating its position as one of the most promising renewable energy markets in Latin America,” Rodríguez explained.
An example of this is the participation from Wednesday to Solis Friday at the next Expo Re + Mexico 2025 in the city of Guadalajara, west of Mexico, where visitors will be able to know “the latest innovations in solar investors in residential, commercial and industrial applications,” according to the company in a statement.