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The Americas represent a highly diverse and dynamic environment for solar and storage. Brazil, for example, has become one of the top solar PV markets in the world, in terms of annual addition of PV capacity. In 2024, the country reached a PV capacity of around 64.5 GWdc, adding 18.8 GWdc of solar PV capacity in 2024. In the small-scale segment, net-metering has increased solar PV capacity. In the utility-scale segment, auctions and bilateral PPAs are the main drivers for an increase in utility-scale PV capacity. Brazil has plans to further grow the solar PV sector in the future: The country’s National Energy Plan 2050 indicates that solar PV capacity (centralized) could reach between 27.0-90.0 GWac by 2050. Furthermore, under some special scenarios such as no wind power expansion or if the expansion of transmission is limited, the solar PV (centralized) capacity could reach between 95-190 GWac by 2050.
Looking further north, the USA added nearly 50 GWdc of PV capacity in 2024, marking one of the strongest years on record. This momentum is set to continue into 2025, when installations are projected to peak at about 52.6 GWdc, driven by a robust project pipeline and the final phase of federal tax incentives. However, from 2026 onward, demand is expected to decline as the Investment Tax Credit phases out, Foreign Entity of Concern (FEOC) restrictions tighten, and tariffs on imported modules push system costs higher.
This September we travelled to Las Vegas, attending RE+ 2025 from September 8-10, 2025. RE+ is the largest clean energy event in North America, focusing on the business of solar, energy storage, hydrogen, wind, microgrids, and EVs. The event brought 1300+ exhibitors to the The Venetian Expo & Caesars Forum.
We brought back valuable impressions from the showfloor of this exciting event for you – so get ready for Interviews and Booth Walkthroughs!
