2012 Solar Market Report in the Americas
The meeco Group pursues growth in Latin America thanks to off-grid projects
Present in both North and South America, The meeco Group is strategically positioned to answer clean
the United States, power purchase agreement prices have significantly decreased during 2012 and the
Federal cash-grant program has was allowed to expire. As a result, clients for many PV projects are
large companies that can utilize the Federal tax credit and accelerated depreciation rules," explains
Stuart Moss, directing The meeco Group's activities in North America and parts of South America. As a
consequence, The meeco Group has decided to focus its activity in Latin America. Markets such as
Brazil, Paraguay, Peru, Chile, Mexico, and Ecuador are growing in part thanks to the global cost
reduction of PV technology during 2012.
As Latin American electricity prices remain extremely low, the demand for solar energy predominantly
concerns off-grid projects. In countries such as Paraguay, where a high percentage of the territory is
uninhabited or agriculturally exploited, the demand for solar energy has reached a turning point as
these regions are clearly off the national electricity grid. "Solar PV energy's perception has
dramatically changed over the course of the last two years, from being a niche market to a
mainstream source of solutions here in Paraguay", declares Dr. Oliver Jann, President of meeco
América Latina S.A. "Most projects we are working on in Latin America, for business applications,
residential off grid projects as well as agricultural operations are all located in remote off-grid areas",
adds Dr Jann. "In these markets we have noticed a strong demand for our sun2flow solar water
pumping systems, with already 10 large systems in operation and another 3 in execution plus many
alternative applications such as the sun2live".
Given the interest generated in the region by the sun2flow and sun2live solutions, The meeco Group
expects an exponential growth of especially its solar water pumping solutions and a growing demand
for the sun2live residential solar solutions. "We foresee a very good year in 2013 in the Latin
American renewable energy sector. The Americas continue to be a strategic market for us", declares
Dieter Trutschler, Sales Director for The meeco Group. "We are proud to offer some of the most
innovative energy solutions specially designed for this market."
About The meeco Group: The meeco Group was consolidated in 2000 and oriented its main focus
towards the energy sector. With world headquarters located in Zug, Switzerland, the group currently
has over 50 employees working across 4 continents. Thanks to a structured but flexible approach
based on its core competencies, meeco has delivered over 250 MW of clean, renewable energy
solutions across four continents. The meeco Group accomplishes its mission by providing project
developers, investors, governments, and private businesses with the services necessary for timely
financing, installation, and operation of clean energy assets.
For further information visit: www.meeco.net
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