Why is solar energy important in South America?

The region has a large amount of sun, wind, water, and other natural resources that can be harnessed to generate clean energy. Solar energy, which is at the helm of global energy transition goals, is a crucial energy source powering the transition for the South American continent as well.

Is solar energy a good investment in South America?

As a result, the preliminary energy balance for 2019 showed favorable results, showing that the share of fossil fuels is only 2%, being the smallest percentage in the region and the share of PV solar energy reaches 3%, being the second-largest participation in South America after Chile .

Does South America have privileged solar irradiation?

5. Discussion South America has privileged solar irradiation, with emphasis on the northeast region of Brazil and especially the Atacama Desert region, in northern Chile. Regarding the energy matrices of each country, listed in Table 4, a large percentage of renewable energies is observed in the analyzed countries.

Are small-scale photovoltaic systems regulated in South America?

In South America, regulation on the connection of small-scale photovoltaic systems is recent, given that this type of generation has been integrated into the energy matrix for a few years.

Which country has the most solar energy in South America?

Brazil is the leader in solar energy in South America as it surpassed 50 GW of installed capacity in 2024. South America continued its steady solar growth over the last half-decade in particular, and overall renewable energy capacity additions in general, through the year 2024.

Which countries are bringing solar energy to rural areas?

Chile is a leader in solar installations, with important projects such as green hydrogen. Argentina and Mexico have begun to increase their capacities in large-scale renewable energy. Colombia and Peru are bringing renewable energy to rural areas through solar programs.