In a report on the Latin American market focusing on opportunities in Mexico, Chile, Brazil, Ecuador, Argentina, the Dominican Republic, Peru and Jamaica GTM predicts Mexico and Chile will dominate the market although MW-scale R&D projects in Brazil will also come online in 2013.
The majority of PV installations across the region are off-grid at the moment, but GTM says that with new installations set to double from 2012s sub-100 MW figure, Latin America will soon be a growth market.
GTM adds that with a scarcity of experienced solar players in the region, it expects established players in parallel industries to make the most of the opportunities in a market where local knowledge is more important than a solar track record.
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