• 5 minutes Trump vs. MbS
  • 9 minutes Saudis Threaten Retaliation If Sanctions are Imposed
  • 15 minutes Can the World Survive without Saudi Oil?
  • 18 mins WTI @ $75.75, headed for $64 - 67
  • 27 mins EU to Splash Billions on Battery Factories
  • 5 hours Petrol versus EV
  • 8 hours The Dirt on Clean Electric Cars
  • 22 hours These are the world’s most competitive economies: US No. 1
  • 21 hours The end of "King Coal" in the Wales
  • 1 hour OPEC Is Struggling To Deliver On Increased Output Pledge
  • 21 hours Saudi-Kuwaiti Talks on Shared Oil Stall Over Chevron
  • 19 hours Closing the circle around Saudi Arabia: Where did Khashoggi disappear?
  • 2 hours 10 Incredible Facts about U.S. LNG
  • 45 mins U.N. About Climate Change: World Must Take 'Unprecedented' Steps To Avert Worst Effects
  • 11 hours E-mopeds
  • 1 day Poland signs 20-year deal on U.S. LNG supplies
  • 21 hours Coal remains a major source of power in Europe.
The Implications Of A Fractured U.S., Saudi Alliance

The Implications Of A Fractured U.S., Saudi Alliance

With tensions between the United…

Are Oil Majors Returning To Libya?

Are Oil Majors Returning To Libya?

Libya’s NOC has managed to…

New Report Predicts Latin America and Caribbean Solar Markets Set to Boom

NPD Solarbuzz, the solar energy market research company has just released a new report about the emerging photovoltaic markets in Latin America and the Caribbean, which it predicts are set to explode, with an annual compound growth rate of 45% over the next few years.

Chris Sunsong, an analyst at NPD Solarbuzz, said that, “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 adoption appear particularly attractive.”

Mexico, Chile, and Brazil, have been estimated to have almost 70% of PV capacity by 2017, as a result of their current renewable energy policies.

Related Article: Solar and Big Oil Join Forces in Middle East

The report also predicted that by the end of last year, energy regulators in Latin America and the Caribbean would have received applications for more than six gigawatts of solar energy projects.

Unfortunately there still remain a variety of technical, economic, and political hurdles that must be overcome before the solar sector can reach its potential in the area.

Sunsong stated that, “PV connection and integration procedures are not yet clearly defined, and there are concerns about grid stability as PV contributions come online. Electricity subsidies in Mexico and low natural gas prices in Peru are also delaying the onset of PV grid-parity for some end-user categories, while import tariffs across the region are keeping PV system costs on the high side.”

By. Joao Peixe of Oilprice.com


x

Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News