Latin American solar demand to hit 7.4GW annually by 2020: GTM

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Solar installations in Latin America will grow at an “exceptionally high” annual rate of 28% between 2016-2020, compared to 9% annual growth for the overall global market during that period, according to GTM Research.

Latin America’s growth, led by Brazil and Mexico, will see the region adding an estimated 7.4GW of PV in 2020, up from less than 1.4GW added last year, when Chile was the largest market, GTM says.