Search and Filter Through Our Comprehensive Database of Ongoing Solar Photovoltaic (PV) Projects and Tenders in Guatemala
Identify and track all the ongoing (work-in-progress) solar photovoltaic (PV) projects, tenders, and contract awards. Our extensive database and user-friendly interface make it easy for you to find the right business opportunity in Guatemala.
Guatemala Solar Photovoltaic (PV) Industry Analysis
Market size and growth: Guatemala has a population of around 18 million and a rapidly growing demand for electricity, with an annual increase of around 5%. The country has traditionally relied on fossil fuels to meet this demand, but there has been increasing interest in renewable energy sources, particularly solar PV, as a way to diversify the energy mix and reduce greenhouse gas emissions.
Government policies and incentives: The Government of Guatemala has implemented a number of policies and incentives to promote the development of renewable energy, including solar PV. These include a Renewable Portfolio Standard, which requires utilities to source a certain percentage of their electricity from renewable sources, and a net metering program, which allows customers to sell excess solar energy back to the grid.
Key players and market trends: Several local and international companies have entered the solar PV market in Guatemala, including Enel Green Power, SunEdison, and Canadian Solar. The market has seen significant growth in recent years, with an increasing number of residential, commercial, and industrial customers installing solar PV systems.
Challenges and opportunities: One of the main challenges facing the solar PV industry in Guatemala is the high upfront cost of installing solar systems, which can be a barrier for many potential customers. However, the availability of government incentives and financing options can help to reduce this barrier. Another challenge is the limited availability of land for large-scale solar projects, although there are opportunities for the development of smaller, distributed solar PV systems. The potential for solar PV to diversify the energy mix and reduce greenhouse gas emissions presents a significant opportunity for the industry in Guatemala.
Overall, the solar PV industry in Guatemala has shown strong growth in recent years, with a number of key players and a supportive policy environment. While there are challenges to overcome, such as high upfront costs and limited land availability, there are also significant opportunities for the industry to contribute to the country's energy needs and reduce its environmental impact.
Looking for a List of Ongoing Solar Photovoltaic (PV) Projects in Guatemala?
Are you searching for ongoing/work-in-progress solar photovoltaic (PV) projects and tenders in Guatemala?
We have compiled the most comprehensive and up-to-date database of global projects and tenders to quickly find opportunities needing your services.
Blackridge Research's Global Project and Tender database is a valuable resource for EPC companies, general contractors, subcontractors, manufacturers, suppliers, operation & maintenance (O&M) companies, investors, consulting companies, and law firms looking for new business opportunities.
Our database includes all the essential project details, contact information of project owners and stakeholders, making it easy for you to establish your connection and grow your business.