Originally posted at The Motley Fool
If you're a company looking to grow in the solar industry you have to have an eye on Latin America. It's sunny, energy prices are high, and countries are desperate for investment in new energy infrastructure.
That's a perfect combination of factors for the solar industry and it's why some of the industry's largest players see Latin America as a key to the industry's future. Interestingly, solar energy's growth won't be dampened by low oil or coal prices because those energy sources supplied just 14% and 6% of electricity according to a 2010 report from The World Bank. Instead, it's hydro power that supplies most of the region's energy and it's under pressure from environmental groups because of its impact on Latin America's ecosystem. As a result, countries are turning to solar energy for new electricity production and the boom is just getting started.
Where Latin American Solar stands today