In Q4 2017, a string of PV markets in Latin America announced the results of government mandated electricity auctions. Argentina, Brazil, Chile, and Mexico awarded more than 4 GW of combined PV project capacity, with bid prices reaching new lows in each country. These record low bid prices have both been a result of fierce competition and cost reductions across the PV value chain. Although the countries seek to benefit from cheaper power supply, auction pricing is only one ingredient in a successful tender. Actual project completion hinges on a mix of other factors.
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