latin america

Solar PV in Chile is facing a twofold issue: the curtailment of generation and the reduction of income due to low prices of electricity.

The loan will support the development of the Guayepo I and II solar PV projects, as well as Enel's distribution business.

Inkia Energy has revealed a solar PV expansion in Peru, targeting more than 1GW of new solar PV capacity operational by the end of 2025.

Even though the solar PV market in Ecuador is currently non-existent, with only a few projects operational and mostly in the distributed generation market, it is about to take off, says José Luis García Pérez, Latin America’s CEO at Spanish developer Zelestra, formerly known as Solarpack.

Enel Colombia, the Colombian subsidiary of Italian renewable energy group Enel Green Power, has reached commercial operations of 240MW of solar PV capacity.

Renewable energy infrastructure investor Actis has launched a new independent power producer (IPP) company in Peru, seeking to develop 12GW of energy projects.

Colombian public utility Empresas Públicas de Medellín (EPM) has reached commercial operation at its 83MW solar PV plant.

Argentinian renewables developer Genneia has invested US$250 million to build two solar plants in Argentina with a combined capacity of 273MW.

Investment in solar PV is expected to surpass all other generation technologies combined with over US$500 billion, according to a report from the International Energy Agency (IEA).

Automotive manufacturer Stellantis has acquired a minority stake in Argentinian renewable energy company 360Energy Solar.