Solar energy will grow by 13% in Latin America in 2025 with Chinese technology

Mexico City, June 26 (EFE).- Solar energy generation will have a compound annual growth rate (CAGR) of 13% in Latin America this 2025, according to a statement from Solis Inverters, a Chinese company that manufactures solar capacity globally. Solis’s technology director for Latin America, Sergio Rodríguez, stated during the SNEC 2025 international solar and smart energy conference that the projection of distributed solar capacity for this year aims to exceed 5 gigawatts (GW), thereby reaching said CAGR. “Mexico reached 3.33 GW in distributed solar capacity, with an increase of 700 megawatts (MW) this year (as of 2025). In 2024, distributed solar capacity exceeded 4 GW in the first half of the year alone, with more than 850 MW installed,” he added. In addition, growth is expected in Latin America, where countries such as Brazil, Costa Rica, and Panama stand out, with expansion dynamics exceeding 15%, according to Rodriguez. “Chile continued to establish itself as one of the leading Latin American countries in solar energy, reaching an important milestone by generating more than 20% of its electricity from this source,” detailed the technology director. To this, he added that the last-mentioned country exceeded “for the first time” 40% of electricity, in December of last year, from the combination of wind and solar generation. Rodríguez also indicated that the goal for the Dominican Republic in 2025 is for 25% of its electricity to come from renewable sources. For his part, the president of the Chinese company, Yiming Wang, stated at the same event that the direction towards the future of the sector is “smarter technology, stronger alliances and a deeper commitment to sustainability”.

The “long-term” solution for Argentina

The head of business development for Solis in Latin America, Marco Ricci, commented that, following “growing instability” in Argentina’s electrical grid, its “high solar irradiation” across much of the territory, and government policies that “promote distributed generation,” this country is showing “interest” in solar energy as a “long-term” solution. With the intention of supporting this impulse, the Chinese companies Solis Inverters and the photovoltaic module manufacturer Trina Solar, along with the American metal infrastructure company S-5!, will hold the Smart Solar Tour Argentina event. This meeting will seek to bring together “technical and commercial training” that strengthens the local industry, Ricci affirmed. China-based Solis, founded in 2005, is one of the world’s largest manufacturers of solar solutions and electrical storage and string inverters.