{"id":2751,"date":"2020-02-21T08:50:35","date_gmt":"2020-02-21T16:50:35","guid":{"rendered":"https:\/\/solarpowerinvestor.com\/?p=2751"},"modified":"2022-06-15T22:35:14","modified_gmt":"2020-03-09T03:27:48","slug":"overlooked-solar-investments-brazil-honduras-and-the-latin-american-potential-for-pv-expansion","status":"publish","type":"post","link":"https:\/\/solarpowerinvestor.com\/overlooked-solar-investments-brazil-honduras-and-the-latin-american-potential-for-pv-expansion\/","title":{"rendered":"Overlooked Solar Investments: Brazil, Honduras, and the Latin American Potential for PV Expansion"},"content":{"rendered":"
When considering solar energy and especially the global expansion that the industry has continually seen, much of the attention is focused on European growth and developed countries. It only makes sense â developed countries generally have the funding, resources, manpower, and economic environment needed for an industry like solar that is cash-hungry and in necessity of solid investors.<\/p>\n\n\n\n
However, one region that is being overlooked in terms of solar energy and industry expansion is Latin America including South and Central America<\/a>. While political situations and poor business environments consistently hinder overall economic growth in these mostly Spanish and Portuguese-speaking countries, there are many hotspots of innovation that are worth exploring.<\/p>\n\n\n\n First and foremost, the most obvious name will come to mind with investors is the largest economy in terms of GDP in Latin America: the gigantic, reaching nation of Brazil. Being a member of BRICS (Brazil, Russia, India, China, South Africa) and owning the largest global share of wealth in Latin America, Brazil has not disappointed in terms of solar energy: 2.2 GW of solar energy was produced in 2019.<\/a> <\/p>\n\n\n\nBrazil continues to innovate<\/h2>\n\n\n\n