Falling technology costs and scalability make solar highly suitable for the South American market, according to PV materials manufacturer DuPont.
Hydroelectric dominates deployed renewables in South America with wind making progress in recent years. Falling solar costs have opened up a new opportunity with Chile the first market to deploy in significant volumes.
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“It is a source of clean energy and very flexible facility that can be adapted anywhere and in varied sizes, serving different market demands,” said Leonidas Andrade, sales and marketing manager, Photovoltaic Systems DuPont Brazil.
Large hydroelectric schemes have come under increasing scrutiny in recent years. Small-scale solar projects have also opened the door to decentralised off-grid options for more remote parts of the continent.
DuPont’s interest in the market could be linked to the growing number of confirmed, and speculated, manufacturing capacity additions in Latin America.