Rapid growth of photovoltaic cable import in Latin America

A few days ago, the European Solar Energy Industry Association released the "Global Market Outlook Report" and pointed out that in 2021, the newly installed photovoltaic power generation capacity in Latin America will be 9.6 million kilowatts, an increase of 44%. That also explain why the market ratio in whole Latin American JZD Cable owns has been increasing so significantly, for example JZD Cable has shipped 18x40HQ containers solar cables to The Chile in past 2022 and the sale volume will continue being larger.

By the end of 2021, the cumulative installed capacity of photovoltaic power generation in Latin America has exceeded 30 million kilowatts, an increase of more than 40 times compared with 2015. It is expected that under the promotion of policies, the photovoltaic market in Latin America will continue to improve in the future. Before 2026, the installed photovoltaic power generation capacity in the region will increase by 30.8 million kilowatts every year.

The report pointed out that in the next five years, Latin America is expected to rank among the top five photovoltaic markets in the world. At present, about 25% of the energy supply in Latin America comes from renewable energy, mainly hydropower and biomass power generation.

With the increasing demand for emission reduction and economic recovery, the development of photovoltaics has gradually become an important task in the region. Among them, Brazil, Colombia, Chile and other countries regard the development of renewable energy represented by photovoltaics as the main driving force for economic growth, and put forward green plans or related initiatives.

Welcome to contact us JZD Cable, the TOP3 exporting manufacturer on solar cable to whole Latin American, we have large in-stock for shipping less than 4 days and quality TUV certificated solar cable and lower price both belong to our 2 core advantages.