{"id":3220,"date":"2020-05-05T10:12:36","date_gmt":"2020-05-05T15:12:36","guid":{"rendered":"https:\/\/grupoindustronic.com.co\/?p=3220"},"modified":"2024-01-18T17:48:06","modified_gmt":"2024-01-18T23:48:06","slug":"latin-america-and-caribbean-on-the-brink-of-massive-solar-power-growth","status":"publish","type":"post","link":"https:\/\/grupoindustronic.com.co\/en\/latin-america-and-caribbean-on-the-brink-of-massive-solar-power-growth\/","title":{"rendered":"The evolution of solar energy in Latin America"},"content":{"rendered":"

Solar PV could account for a quarter of the world’s energy by 2050.<\/span><\/h2>\n

A new report by the International Renewable Energy Agency (IRENA), shows that Latin America and the Caribbean could grow their installed solar power cells capacity by a factor of 40 by 2050.<\/p>\n

Annual investments exceeding seven billion would see the region’s solar PV capacity rise from 7 gigawatts (GW) today, to more than 280 GW by mid-century. While solar energy remains the highest in Asia, North America and Europe, market growth is set to shift to other regions in the world.<\/p>\n

By that time, solar PV would represent the second-largest power source behind wind, generating a quarter of the world\u2019s power, \u201cFuture of Solar Photovoltaic<\/a>\u201d launched today at \u201cSun World 2019\u201d in Lima finds.<\/p>\n

In total, global solar power capacity would rise from 480 GW in 2018 to over 8000 GW by 2050, growing by nearly 9 per cent every year.<\/p>\n

\"Paneles<\/p>\n

Solar energy is essential for decarbonization process<\/span><\/h2>\n

\u201cSolar PV and other renewables sources represent the most effective and ready solution for addressing growing energy demand and limiting carbon emission at the same time,\u201d said IRENA\u2019s Director-General Francesco La Camera.<\/p>\n

On the other hand, \u201cRenewables are practical, affordable and climate-safe. They are key to sustainable development, enabling energy access, spurring economic growth, creating employment and improving health. Particularly solar energy is set to become one of the most prominent power sources in 2050.<\/p>\n

Projected growth rates in markets like Latin America showcase that we can extend the energy transition to all countries. It\u2019s possible.\u201d<\/p>\n

If accompanied by sound policies, the transformation driven by renewables such as solar can bring substantial socioeconomic benefits, IRENA\u2019s new report finds. In addition, the global solar industry has the potential to employ over 18 million people by 2050, four times more than the 4.4 million jobs today.<\/p>\n

Similarly, the deployment of rooftop solar PV systems has increased extensively, which today makes solar PV in some markets more attractive than buying electricity from the grid. The competitiveness of distributed solar power is clearly raising deployment in large markets, including Brazil, China, Germany and Mexico.<\/p>\n

\"sustainable<\/p>\n

Statistical highlights about solar power report<\/span><\/h2>\n