Brazil On Track To Become Major Global Solar Market By 2026
May 16, 2022
SolarPower Europe released its "Global Market Outlook for Solar Power 2022-26" report at IntersolarEurope in Munich this week. The paper paints a bright picture for the global solar industry.
This year's report focuses specifically on the Latin American market. PV capacity additions in Latin America increased by 44% in 2021 to a total of 9.6 GW and a cumulative capacity of more than 30 GW. The report further predicts that the region could grow at a rate of 30.8GW per year until 2026. Brazil will become a dazzling international solar star.
