Solar energy production in the U.S. has doubled from 2013 to 2019. This was driven first by the falling price of quality silicon, and later simply by the globally plunging cost of photovoltaic modules. In 2018, the U.S. added 10.8GW of installed solar photovoltaic energy, an increase of 21%.
Latin America : Latin America has emerged as a promising region for solar energy development in recent years, with over 10 GW of installations in 2020. The solar market in Latin America has been driven by abundant solar resources, falling costs, competitive auctions and growing electricity demand. Some of the leading countries for solar energy in Latin America are Brazil, Mexico, Chile and Argentina. However, the solar market in Latin America also faces some challenges, such as political instability, financing gaps and power transmission bottlenecks.
Middle East and Africa : The Middle East and Africa has also experienced significant growth in solar energy deployment in recent years, with over 8 GW installations in 2020. The solar market in the Middle East and Africa has been driven by the low-cost generation of solar energy, the diversification of energy sources, the fight against climate change and rural electrification are motivated. Some of the notable countries for solar energy in the Middle East and Africa are Saudi Arabia, United Arab Emirates, Egypt, Morocco and South Africa. However, the solar market in the Middle East and Africa also faces several obstacles, including social unrest, regulatory uncertainty and technical barriers.