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Journal of Solar Energy Research Updates

Articles

Vol. 7 (2020)

Solar Energy in Latin America and the Caribbean: The Current Situation and Perspectives in the Use of Solar Energy for Electricity Generation

DOI
https://doi.org/10.31875/2410-2199.2020.07.4
Submitted
January 20, 2020
Published
2020-01-20

Abstract

Without a doubt, Latin America and the Caribbean will significantly contribute to the continuous global solar capacity expansion during the coming decades. The whole region could grow its current installed solar power capacity by a factor of 40 by 2050. It is expected that by 2050, solar power would represent the second-largest power source behind wind power, generating around 25% of the world’s power. The Int?rn?t??n?l Energy Ag?n?? (IEA) projected, in 2014, that under ?t? high r?n?w?bl?? scenario, by 2050, solar PV and ??n??ntr?t?d ??l?r power (CSP) would contribute about 16% and 11%, r?????t?v?l?, of the worldwide electricity ??n?um?t??n. ??l?r power is expected to be the largest ??ur?? of ?l??tr???t? generation at the world level in 2050. In total, global solar power capacity would increase around 14-folds, rising from 578,6 GW in 2019 to over 8.000 GW by 2050. Annual investments in solar power are likely to exceed US$7 billion.

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