This market report offers an incisive and reliable overview of the photovoltaic (solar PV) sector of North and South America countries for the period 2019 ÷ 2028...
Update: September, 2019
Format: 1 file(s) (PDF report) in English language and 1 file(s) in MS Excel with data from charts and tables
Author: Renewable Market WatchTM
Pages: 178
Report production №: RMWIN34920191284
Delivery: Up to 24 hours by e-mail
Subscription: In the report price is included subscription for 1 year period with 4 qurterly updates
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This is unique thorough and detailed market report, which offers an incisive and reliable overview of the solar photovoltaic sector of North and South America for the next long term period 2019 ÷ 2028. The number of fully permitted and ready to build projects is promptly increasing. Newly installed PV capacity in this region will exceed 32 GW in 2019. Rooftop market segment in many countries is not developed and forecasted to score significant growth in the near future. The report provides a complete picture of the market situation, dynamics, risks, current issues and future prospects. You will find more than 175 pages of valuable information in this unique in-depth analysis of the North and South America countries solar PV market. With comprehensive market data this report brings clear and concise insights, to help investors, manufacturers and service providers in their decision making process. As 2017 and 2018 were challenging years for photovoltaic (solar PV) industry, the time for taking right decisions during 2018 and the next few years is limited. Fast changing market environment, requires relevant and accurate information. For your convenience we offer opportunity for orders with customized report content. Reasons to buy this market report are, but no limited to:
- Solar resource potential in North and South America
- Over 50 charts, maps and tables
- Historical market data provided from 2000 to 2018 and forecasts until 2028
- Overview of North and South America photovoltaic (solar PV) market development 2008 ÷ 2028 by countries
- Development scenario of North and South America photovoltaic (solar PV) sector until 2028
- Prosumer and Net Metering models, incentives and regulatory framework
- Database with 200+ major active and upcoming photovoltaic (solar PV) plants in North and South America countries
- Attractiveness indices for photovoltaic (solar PV) investments in North and South America countries
- SWOT Analysis (detailed in 5 pages)
- Overview of North and South America legal and regulatory framework for RES generation by countries
- Project developers, EPC providers and Consultants in North and South America countries
- Key organizations and stakeholders affecting development of the photovoltaic sector by countries
- Comprehensive review of smart grid development in North and South America countries
- Investment potential and opportunities
At next pages you will see the full table of content of this report. To order this report just click on the button "ADD TO CART". Table of contents is referential and may vary upon report updates. If you have any other questions or data requests please do not hesitate to call us on ++44 203 60 80 138 or write an e-mail to orders@renewablemarketwatch.com
FOREWORD 8
1. METHODOLOGY 10
1.1. Methodology 10
1.2. Limitations 13
2. EXECUTIVE SUMMARY 14
3. NORTH AND SOUTH AMERICA RENEWABLE ENERGY POLICY LANDSCAPE 17
3.1. Renewable Energy Support Programs in North and South America 17
3.2. Renewable energy mandatory targets for North and South America countries 17
4. NORTH AND SOUTH AMERICA ENERGY MARKET 19
4.1. General electricity market information 19
5. WORLD PHOTOVOLTAIC ENERGY MARKET 24
5.1. PV modules and PV systems costs 24
5.2. Market overview 27
5.3. Future development trends 33
6. EUROPEAN PHOTOVOLTAIC ENERGY MARKET 37
7. NORTH AND SOUTH AMERICA SOLAR RESOURCE POTENTIAL AND MAPPING 46
8. NORTH AND SOUTH AMERICA PHOTOVOLTAIC ENERGY MARKET 48
8.1. Market overview 48
8.2. Country attractiveness index for photovoltaic energy investments 50
9. COUNTRY PROFILES 52
9.1. ARGENTINA 52
9.1.1. Argentina Photovoltaic Energy Market Overview 52
9.1.2. Renewable Energy Incentives and Generation Capacity Mandatory Target 53
9.1.3. Major deals, M&A activity, major planned, development and operating photovoltaic projects 54
9.1.4. RES Legal and Regulatory Framework 55
9.1.5. Key Stakeholders, Organizations and Institutions 57
9.2. BRAZIL 61
9.2.1. Brazil Photovoltaic Energy Market Overview 61
9.2.2. Renewable Energy Incentives and Generation Capacity Mandatory Target 63
9.2.3. Major deals, M&A activity, major planned, development and operating photovoltaic projects 64
9.2.4. RES Legal and Regulatory Framework 65
9.2.5. Key Stakeholders, Organizations and Institutions 67
9.3. CANADA 70
9.3.1. Canada Photovoltaic Energy Market Overview 70
9.3.2. Renewable Energy Incentives and Generation Capacity Mandatory Target 72
9.3.3. Major deals, M&A activity, major planned, development and operating photovoltaic projects 73
9.3.4. RES Legal and Regulatory Framework 74
9.3.5. Key Stakeholders, Organizations and Institutions 77
9.4. CHILE 79
9.4.1. Chile Investment Climate 79
9.4.2. Electricity Market Structure 79
9.4.3. Chile Photovoltaic Energy Market Overview 83
9.4.4. Renewable Energy Incentives and Generation Capacity Mandatory Target 85
9.4.5. Major deals, M&A activity, major planned, development and operating photovoltaic projects 88
9.4.6. RES Legal and Regulatory Framework 92
9.4.7. Key Stakeholders, Organizations and Institutions 95
9.5. MEXICO 100
9.5.1. Mexico Photovoltaic Energy Market Overview 100
9.5.2. Renewable Energy Incentives and Generation Capacity Mandatory Target 100
9.5.3. Major deals, M&A activity, major planned, development and operating photovoltaic projects 101
9.5.4. RES Legal and Regulatory Framework 102
9.5.5. Key Stakeholders, Organizations and Institutions 103
9.6. PERU 106
9.6.1. Peru Photovoltaic Energy Market Overview 106
9.6.2. Renewable Energy Incentives and Generation Capacity Mandatory Target 108
9.6.3. Major deals, M&A activity, major planned, development and operating photovoltaic projects 108
9.6.4. RES Legal and Regulatory Framework 110
9.6.5. Key Stakeholders, Organizations and Institutions 110
9.7. USA 113
9.7.1. USA Photovoltaic Energy Market Overview 113
9.7.2. Renewable Energy Incentives and Generation Capacity Mandatory Target 116
9.7.3. Major deals, M&A activity, major planned, development and operating photovoltaic projects 120
9.7.4. RES Legal and Regulatory Framework 123
9.7.5. Key Stakeholders, Organizations and Institutions 124
10. COMPARATIVE ANALYSIS OF SUPPORT SCHEMES IN NORTH AND SOUTH AMERICA. FEED-IN TARIFFS AND GREEN CERTIFICATES 128
11. COMPARATIVE ANALYSIS OF MANDATORY CAPACITY GENERATION TARGETS IN NORTH AND SOUTH AMERICA 129
12. ELECTRICITY GRID NETWORK IN NORTH AND SOUTH AMERICA 131
12.1. Transmission System Operators (TSO’s) 132
12.2. Distribution System Operators (DSO’s) 136
12.3. Grid connection constraints 137
13. SMART GRID DEVELOPMENT IN NORTH AND SOUTH AMERICA 139
13.1. Smart Grid and Super Smart Grid Concept 139
13.2. Smart grids development in North and South America 141
13.3. Smart grids development in North and South America 143
14. COMPETITIVE LANDSCAPE. PROJECT DEVELOPERS AND INVESTORS IN NORTH AND SOUTH AMERICA PHOTOVOLTAIC ENERGY MARKET 147
15. EPC AND O&M PROVIDERS, EQUIPMENT MANUFACTURERS AND CONSULTANTS IN NORTH AND SOUTH AMERICA PHOTOVOLTAIC ENERGY MARKET 149
16. SWOT ANALYSIS OF NORTH AND SOUTH AMERICA PHOTOVOLTAIC ENERGY MARKET 155
17. RISKS ABOUT PHOTOVOLTAIC INVESTMENTS IN NORTH AND SOUTH AMERICA 159
17.1. Risks Associated with the Photovoltaic Energy Industry in North and South America 159
17.1.1. Regulatory Risk 159
17.1.2. Competition within the Photovoltaic Energy Industry 159
17.1.3. Public Attitudes towards Photovoltaic Energy Projects 160
17.1.4. Emerging Market Risk 161
17.1.5. Insurance Risk 161
17.1.6. Force Majeure Risk 161
17.2. Risks Associated with the Investor’s Finance Arrangements 161
17.2.1. Asset Sale Risk 161
17.2.2. Borrowing Risk 162
17.2.3. Foreign Exchange Risk 162
17.3. Risks Associated with the Development of Photovoltaic Energy Plants 163
17.3.1. Variability in the Source of Photovoltaic Energy 163
17.3.2. Development of the Project and Construction Risk 163
17.3.3. Capital Cost Risk 163
17.3.4. Permits 164
17.3.5. Land Options 164
17.3.6. Construction 165
17.3.7. Dependency on Suppliers 165
17.3.8. Technology Risk 165
17.3.9. Operation and Maintenance Risk 166
17.3.10. Market Price of Electricity 166
18. INVESTMENT TRENDS, POTENTIAL AND OPPORTUNITIES IN NORTH AND SOUTH AMERICA PHOTOVOLTAIC ENERGY MARKET 167
19. CONCLUSIONS 169
20. LIST OF ABBREVIATIONS 172
21. REFERENCES 174
22. DISCLAIMER 178
23. APPENDIX I. SOLAR RESOURCE MAPS OF NORTH AND SOUTH AMERICA 179
- MAP 1: The Grid Map of North and South America 20
MAP 2: Interconnection Grid Map of North and South America 22
MAP 3: Solar Resource Map of Argentina 53
MAP 4: Solar Resource Map of Brazil 62
MAP 5: Solar Resource Map of Canada 71
MAP 6: Electricity Grid Map of Chile 80
MAP 7: Solar Resource Map of Chile 84
MAP 8: Solar Resource Map of Peru 107
MAP 9: Smart Grid Projects Map in North and South America 146
Map 10: Solar irradiation and solar electricity potential for optimally inclined photovoltaic modules in North and South America 179
Map 11: Solar irradiation and solar electricity potential for horizontally mounted photovoltaic modules in North and South America 180
Chart 1: Contribution of Key Drivers Toward Module Cost Reduction 25
Chart 2: PV module price trends from 2008 to 2019 (€/Wp) 26
Chart 3: PV system price evolution (€/Wp) in 2019 27
Chart 4: Global PV cumulative installed capacity share in 2019 (MW; %) 31
Chart 5: PV market share outside Europe in 2019 (MW; %) 33
Chart 6: Global annual PV market forecast 2008 - 2028 (in MW) 37
Chart 7: Global Rooftop Photovoltaic Development Scenario 2012 - 2028 38
Chart 8: European PV markets split 2019 (in MW and %) 41
Chart 9: Top 5 European residential PV markets in 2019 (in %) 42
Chart 10: Top 5 European commercial PV markets in 2019 (in %) 44
Chart 11: European annual cumulative photovoltaic market forecast until 2028 (in MW) 47
Chart 12: Cumulative developments of photovoltaic power plants in North and South America in MW from 2008 to 2028, including estimates 51
Chart 13: Cumulative developments of photovoltaic power plants in Argentina in MW from 2008 to 2028, including estimates 58
Chart 14: Cumulative developments of photovoltaic power plants in Brazil in MW from 2008 to 2028, including estimates 67
Chart 15: Cumulative developments of photovoltaic power plants in Canada in MW from 2008 to 2028, including estimates 76
Chart 16: Cumulative developments of photovoltaic power plants in Chile in MW from 2008 to 2028, including estimates 94
Chart 17: Cumulative developments of photovoltaic power plants in Mexico in MW from 2008 to 2028, including estimates 105
Chart 18: Cumulative developments of photovoltaic power plants in Peru in MW from 2008 to 2028, including estimates 112
Chart 19: Solar Resource Map of USA 116
Chart 20: Cumulative developments of photovoltaic power plants in USA in MW from 2008 to 2028, including estimates 124
Chart 21: Mandatory capacity generation targets for share of renewable energies in North and South America to 2028 (in %) 132
Chart 22: Smart Grid Model Concept 142
Chart 23: The SuperSmart Grid Diagram 144
Chart 24: Budget of smart grids projects in North and South America, 2002 ÷ 2019 147
Chart 25: Cumulative budget of smart grid projects in North and South America compared to average EU numbers, 2000 ÷ 2019 148
Table 1: Crystalline module price trend in September 2019 28
Table 2: Top 5 countries by newly installed ground mounted PV capacity in MW in 2019 32
Table 3: Support schemes for RES generation in North and South America 39
Table 4: Attractiveness index for photovoltaic energy investments in North and South America in 2019 52
Table 5: Feed-in tariff for photovoltaic energy in Argentina 60
Table 6: Feed-in tariff for photovoltaic energy in Brazil 70
Table 7: Feed-in tariff for photovoltaic energy in Canada 79
Table 8: Planned solar projects in Chile for 2019 - 2028 93
Table 9: Feed-in tariff for photovoltaic energy in Chile 98
Table 10: Support schemes in North America and South America, 2019 131