News Americas, NEW YORK, NY, Fri. Jan. 25, 2013: Look out for more solar grids across the Caribbean and Latin America.

That’s according to a GTM Research forecast that says Latin America and the Caribbean will install more than 450 MW of grid-connected PV, compared to less than 100 MW in 2012.

Solar Analyst, Andrew Krulewitz, says in the past year, there has been a flurry of activity in the region with more than 8.4 GW of large-scale project announcements.

A majority of this will come from large utility-scale installations in Mexico and Chile. Brazil, according to Krulewitz, will see a number of its megawatt-scale R&D projects connected and initial growth in its distributed markets as electricity distribution companies begin to adopt interconnection and net-metering procedures.
But he said there has also been development in other markets such as Peru, Ecuador, and some Caribbean island nations like Jamaica, St. Kitts and the Dominican Republic.

The solar analyst also notes that the emerging markets in Latin America and the Caribbean, with expensive wholesale and grid electricity prices, are offering opportunity for players across the industry’s value and supply chains.

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