Manya Rathore
Research expert covering India
Solar energy in Latin America - statistics & facts
With a large share of its land area located in tropical latitudes, Latin America has historically been associated with warm weather and sunshine. In recent years, however, this abundant natural resource saw its popularity expand far beyond tourism, and into the energy sector. Aligned with global trends, the installed solar photovoltaic capacity in Latin America and the Caribbean has greatly increased in the last decade, surpassing 85 gigawatts in 2024. With the cost of solar installations annually decreasing and the cry for more investment in renewable energies growing louder, this tendency shows no signs of slowing down.
