LAC region attractive market for off-grid solar

Latin America has 35 and 40 million people in need of electricity, or 5% of the population, making it an attractive market for companies providing solar-powered off-grid solutions.

The region has three major areas that largely remain off-grid. Firstly there are significant parts of northern Central America – Guatemala, El Salvador, Honduras and Nicaragua, and some of southern Mexico that are without grid-connection. Then there’s the Andean region, comprising parts of Peru, Bolivia, Colombia and Ecuador. Lastly there’s the Caribbean. Haiti, in particular, is one of the most non-electrified countries in the world. Less than 50 percent of the population there is connected to the grid, according to Miguel Sagastume, solar Greenlight Planet’s business development manager for Latin America and the Caribbean.

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