Market Outlook

What’s driving Colombia to become the next hot solar market in Latin America?

In his interview with PV tech, the CEO of MPC Energy Solutions, Martin Vogt, points to Colombia and Panama as markets to keep an eye on. “The Colombian market in particular was almost non-existent until two years," says Vogt. “The big white space on the map of Latin America, with zero installed [renewables] capacity if you exclude large-scale hydro,” he says. “This is despite Colombia being one of the largest economies in Latin America with a high potential for solar PV.”


Martin Vogt goes on to state the reasons for this: The size of its economy and relative lack of solar capacity; a liberalised regulatory framework that facilitates bilateral agreements; and a government keen on increasing solar deployment in a country with a conducive environment.


“The solar PV installed capacity [in Colombia] has grown from 50MW in 2018-19 to about 2.5GW by the end of this year or mid next year, depending on how fast these projects can be built under the disrupted supply chain,” says Vogt further.

Read full article here:


2022 Weather Forecast: Plenty of Sun and Wind in Latin America

In an article for LATAM Investor, Martin Vogt, CEO of MPC Energy Solutions, talks about his Vision that industrial and commercial electricity consumers will drive the energy transition in Latin America.

Read full article here!


A cleaner future in Latin America and the Caribbean

In the article for Energy Global Martin Vogt, CEO of MPC Energy Solutions, provides a market outlook for 2022 on Latin America and the Caribbean.

Read full article here!


Corporate demand drives energy transition in Latin America

Martin Vogt, CEO of MPC Energy Solutions, was interviewed by the LATAM Investor Report. In the article he spoke about  the role of renewable energy in this region and how the energy transition will more and more be driven by industrial and commercial consumers.

As Vogt explains: “The last decade of the energy transition was dominated by governments, who set feed-in tariffs for utility-scale projects. Then it became a type of hybrid, with the governments defining auction frameworks, while the private sector competed to set the final prices. In that second phase the state’s role evolved to become simply the connection between the renewable energy producer and the off-taker.

But we are seeing from different regions like US, Iberia or Scandinavia that the next stage is corporate demand. The government is no longer setting the regulatory framework but the private sector demands renewable energy from IPPs. These tend to be smaller projects than the utility-scale renewable plants that have dominated until now.”

"Vogt’s vision ties in neatly with COP26, which is looking for the private-sector to contribute more in the fight against climate change. Indeed, with state finances across Latin America stretched by the pandemic, corporate clients are a more feasible source of finance for renewable energy projects." (Quote LATAM investor)


Read more about this and the potential of the different LATAM countries in the full interview (page 14-18) in the LATAM Investor report Q4 2021: