As the technological advancements in the solar sector reach new heights, the latest SolarPower Europe report has highlighted the potential investment opportunities in the Latin American solar market, strengthening the sector’s financial returns on investments. Solar power has existed in one form or another for decades now; however, a lack of significant investment has hindered the adoption of large-scale projects that progress the sector towards a reality where it outperforms the other renewable energy generation methods like wind and nuclear.

The new SolarPower Europe report was unveiled at the Intersolar South America 2025 summit in Brazil

SolarPower Europe unveiled its latest report at the recent Intersolar South America 2025 summit in São Paolo. The event saw a litany of organizations from across the Latin American energy sector, including but not limited to:

• Global Solar Council (GSC)
• Brazilian Solar Energy Association (ABSOLAR)
• Colombian Renewable Energy Association (SER Colombia)
• Colombian Solar Energy Association (ACOSOL)
• Mexican Solar Energy Association (ASOLMEX)
• Peruvian Renewable Energy Association (SPR)
• Argentinian Renewable Energy Chamber (CADER)

In its latest report, SolarPower Europe’s Global Markets Workstream provided an extensive overview of solar investment opportunities in five priority countries in Latin America, namely Argentina, Brazil, Colombia, Mexico, and Peru.

The report explores several substantial investment prospects in Latin America through a comprehensive analysis of the countries’ market dynamics and regulatory frameworks, while also providing recommendations to accelerate solar deployment in the Latin American countries.

“With established markets and a robust pipeline, Latin America stands out in the global solar landscape. Our report equips investors with the intelligence, trends, and data to navigate one of the world’s most promising renewable energy regions.” – Máté Heisz, Chief Operating Officer at SolarPower Europe

The Latin American energy sector’s transition to renewable energy is close to reaching its goal

As the world aims to decarbonize the energy sector, solar power has emerged as the most pragmatic solution to the global energy needs. Latin America is committed to its renewable energy capacity expansion.

The region aims to have at least 70% of its electricity generated from renewable energy by the end of the decade, which would align perfectly with the 2019 Renewable Energy for Latin America and the Caribbean (RELAC) Initiative. As the solar sector gains momentum around the world as the go-to renewable energy resource, Latin American nations are aiming not to be left behind.

“Investment is the key to transforming Latin America’s solar promise into progress. By unlocking capital through blended finance, risk-mitigation tools, and clearer market structures, we can scale solar where it’s needed most. A better and prosperous future for countries across Latin America is not just possible with solar – it’s powered by it.” – Sonia Dunlop, CEO of the Global Solar Council

The solar power sector has seen substantial and consistent growth over the past few years, and SolarPower Europe’s leadership could not be happier.

“Latin America’s strong solar resources can be an engine for regional growth. This report focuses on several major solar markets in the region, providing clear guidelines to investors alongside concrete recommendations for policymakers looking to tap into Latin America’s potential.” – Katherine Poseidon, Head of Strategy, Analytics & Process, Europe, Africa & International, Voltalia, and Chair of SolarPower Europe’s Global Markets Workstream

The global solar power sector has seen consistent growth over the past decade

SolarPower Europe’s report shines a light on the possible investment opportunities in Latin America, which are substantial, to say the least. However, the growth of the solar power sector is not limited to the Latin American nations featured in the report. Spain has also added over 5 GW of new solar projects to the 2025 permitting pipeline, pointing to a shift in the renewable energy market towards the solar sector. If the current rate of expansion continues, solar power will dominate the renewable energy sector for many years to come.