North and South America Solar Photovoltaic (PV) Power Market Outlook 2025 ÷ 2034

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 2025 ÷ 2034. The number of fully permitted and ready to build projects is promptly increasing. Newly installed PV capacity in this region will exceed XXX GW in 2034. 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 2023 and 2024 were challenging years for photovoltaic (solar PV) industry, the time for taking right decisions during 2025 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 80 charts, maps and tables
• Historical market data provided from 2014 to 2024 and forecasts until 2034
• Overview of North and South America photovoltaic (solar PV) market development 2014 ÷ 2024 by countries
• Development scenario of North and South America photovoltaic (solar PV) sector until 2034
• 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
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 Synchronous Grids of North and South America 20
MAP 2: Interconnection Grid Map of North and South America 2025 22
MAP 3: Solar Resource Potential of North and South American Countries 2025 41
MAP 4: Solar Resource Map of Argentina 48
MAP 5: Solar Resource Map of Brazil 57
MAP 6: Solar Resource Map of Canada 65
Map 7: Solar Resource Map of Chile 71
MAP 8: Solar Resource Map of Colombia 77
MAP 10: Electricity Grid Map of Colombia 79
MAP 11: Solar Resource Map of the Dominican Republic 96
MAP 12: Solar Resource Map of Mexico 102
MAP 14: Solar Resource Map of Peru 115
MAP 15: Solar Resource Map of Panama 121
MAP 16: Solar Resource Map of the United States of America (USA) 128
MAP 17: Solar Resource Map of Uruguay 136
MAP 18: Smart Grid Projects Map in Asia 2024 163
Map 19: Solar Irradiation and Solar Electricity Potential for Optimally Inclined Photovoltaic Modules of the North and South America Countries 192
Map 20: Solar Irradiation and Solar Electricity Potential for Horizontally Mounted Photovoltaic Modules of the North and South America Countries 193

Chart 1: Global Total Installed Cumulative Solar Photovoltaic Capacity 2014 – 2024 24
Chart 2: Global New Installed Solar Photovoltaic Capacity 2014 – 2024 26
Chart 3: Top 10 Countries by Growth Rate (in %). Markets bigger than 200 MW 2024 28
Chart 4: Shares in New Installed Solar Photovoltaic Capacity by Continents (in %) 2024 29
Chart 5: Global Cumulative Solar Photovoltaic Power Installations in GW for 2004 – 2024 29
Chart 6: Shares in New Installed Solar Photovoltaic Capacity by Continents (in % and in MW) 30
Chart 7: North and South America Countries Shares for New Installed Solar Photovoltaic Capacity in 2024 31
Chart 8: Share of New Power Capacity Installations in North and South America, 2024 33
Chart 9: Share of New Renewable Power Capacity Installations in North and South America in MW, 2024 34
Chart 10: Installed Power Generating Capacity in MW and RES Share in North and South America for 2014 – 2024 35
Chart 11: Net Electricity Generating Installations in the North and South America for 2014 – 2024 in GW 37
Chart 12: Annual Solar Photovoltaic Power Installations in North and South America in GW for 2014 – 2024 38
Chart 13: Cumulative Solar Photovoltaic Power Installations in North and South America in GW for 2014 – 2024 39
Chart 14: Cumulative Developments of Solar Photovoltaic (PV) Power Plants in the North and South America Countries in GW from 2014 to 2034, including estimates 44
Chart 15: Cumulative Developments of Solar Photovoltaic (PV) Power Plants in Argentina in MW from 2014 to 2034, including estimates 50
Chart 16: Cumulative Developments of Solar Photovoltaic (PV) Power Plants in Brazil in MW from 2014 to 2034, including estimates 60
Chart 17: Cumulative Developments of Solar Photovoltaic (PV) Power Plants in Canada in MW from 2014 to 2034, including estimates 68
Chart 18: Cumulative Developments of Solar Photovoltaic (PV) Power Plants in Chile in MW from 2014 to 2034, including estimates 74
Chart 19: Cumulative Developments of Solar Photovoltaic (PV) Power Plants in Colombia in MW from 2014 to 2034, including estimates 84
Chart 20: Cumulative Developments of Solar Photovoltaic (PV) Power Plants in Costa Rica in MW from 2014 to 2034, including estimates 92
Chart 21: Cumulative Developments of Solar Photovoltaic (PV) Power Plants in the Dominican Republic in MW from 2014 to 2034, including estimates 98
Chart 22: Cumulative Developments of Solar Photovoltaic (PV) Power Plants in Mexico in MW from 2014 to 2034, including estimates 109
Chart 23: Cumulative Developments of Solar Photovoltaic (PV) Power Plants in Peru in MW from 2014 to 2034, including estimates 117
Chart 24: Cumulative Developments of Solar Photovoltaic (PV) Power Plants in Panama in MW from 2014 to 2034, including estimates 123
Chart 25: Cumulative Developments of Solar Photovoltaic (PV) Power Plants in the United States of America (USA) in MW from 2014 to 2034, including estimates 131
Chart 26: Cumulative Developments of Solar Photovoltaic (PV) Power Plants in Uruguay in MW from 2014 to 2034, including estimates 140
Chart 27: Mandatory capacity generation targets for the share of renewable energies in North and South American countries by 2030 (in %), Renewable Market WatchTM 147
Chart 28: Smart Grid Model Concept 156
Chart 29: The SuperSmart Grid Diagram 158
Chart 30: Cumulative Number of Smart Grid Projects in the Selected North and South America Countries 2014 ÷ 2024 161
Chart 31: Cumulative Budget of Smart Grid Projects in Selected North and South America Countries 2014 ÷ 2024 162

Table 1: Support Schemes for RES generation in the North and South American Countries 32
Table 2: Solar Energy Potential of the North and South America Countries; Renewable Market WatchTM 40
Table 3: Attractiveness Index for Solar Energy Investments in the North and South American Countries in 2025 46
Table 4: Database with Selected Operational, Under Construction and Planned Solar Photovoltaic (PV) Power Projects in Argentina 49
Table 5: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Argentina 52
Table 6: Database with Selected Operational, Under Construction and Planned Solar Photovoltaic (PV) Power Projects in Brazil 59
Table 7: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Brazil 62
Table 8: Database with Selected Operational, Under Construction and Planned Solar Photovoltaic (PV) Power Projects in Canada 67
Table 9: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Canada 69
Table 10: Database with Selected Operational, Under Construction and Planned Solar Photovoltaic (PV) Power Projects in Chile 73
Table 11: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Chile 75
Table 12: Database with Selected Operational, Under Construction and Planned Solar Photovoltaic (PV) Power Projects in Colombia 83
Table 13: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Colombia 87
Table 14: Database with Selected Operational, Under Construction and Planned Solar Photovoltaic (PV) Power Projects in Costa Rica 92
Table 15: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Costa Rica 94
Table 16: Database with Selected Operational, Under Construction and Planned Solar Photovoltaic (PV) Power Projects in Dominican Republic 98
Table 17: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Dominican Republic 99
Table 18: Database with Selected Operational, Under Construction and Planned Solar Photovoltaic (PV) Power Projects in Mexico 107
Table 19: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Mexico 110
Table 20: Database with Selected Operational, Under Construction and Planned Solar Photovoltaic (PV) Power Projects in Peru 117
Table 21: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Peru 120
Table 22: Database with Selected Operational, Under Construction and Planned Solar Photovoltaic (PV) Power Projects in Panama 124
Table 23: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Panama 124
Table 24: Database with Selected Operational, Under Construction and Planned Solar Photovoltaic (PV) Power Projects in the United States of America (USA) 131
Table 25: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in the United States of America (USA) 133
Table 26: Database with Selected Operational, Under Construction and Planned Solar Photovoltaic (PV) Power Projects in Uruguay 139
Table 27: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Uruguay 142
Table 30: Support Schemes in the North and South America Countries by 2030, Renewable Market WatchTM 146