Which country will dominate the solar photovoltaic market in South America?

Brazil is expected to dominate the solar photovoltaic market in South America during the forecast period. This section covers the major market trends shaping the South America Solar Photovoltaic Market according to our research experts:

How much does a solar roof tile system cost?

To give you an idea, the average 3.5 kW solar roof tile system will cost around £13,000, compared to approximately £7,000 for a regular PV system. However, remember that you are also getting a new roof with your solar tiles, so a direct price comparison is slightly misleading. Information last updated in April 2025.

Will Brazil dominate the South America solar PV market?

Overall, Brazil’s solar power sector is set to experience a decent growth, and is likely to dominate the South America solar PV market during the forecast period. The South America solar photovoltaic market is fragmented.

What are the key drivers of South America solar photovoltaic market?

South America solar photovoltaic market is expected to grow at a CAGR of more than 11% during the forecast period. The primary drivers of the market include supportive government policies, rising demand for renewable energy, efforts to reduce GHG emissions, and the declining cost of solar PV systems.

What is South America's largest solar photovoltaic project?

South America’s largest solar photovoltaic project is underway in Brazil. Enel Green Power has started operations of a 475 MW section of Sao Goncalo solar photovoltaic plant in the north-east of Brazil has the capacity to produce more than 1,200 gigawatt-hours (GWh) per year when fully functional.

Which countries are leading the way in solar energy in South America?

Brazil, Chile, Argentina, and Peru are leading the way in solar energy in South America, as the climatic conditions in these countries support high irradiation, which is favorable for the generation of solar energy.