The construction market in South and Central America is forecasted by GlobalData to grow by 1.6% in real terms in 2023, having grown by 4.0% in 2022. A key growth market will be the infrastructure market, with output rising by 2.5% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Here are South and Central America’s five largest solar energy construction projects that were initiated in Q4 2023, according to GlobalData’s construction projects database.
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1. Uriana PV Solar Plant 400 MW
The project involves the construction of a photovoltaic (PV) solar plant with a 400MW generation capacity in Meta Department, Colombia.
Construction work started in Q4 2023 and is expected to be completed in Q4 2027.
The project is part of the Colombia Green Energy Summit 2023 and its main objective is to produce clean energy by using renewable sources of energy to meet the growing demand in the region. Buy the profile here.
2. Cristino Castro Solar Power Complex 600 MW
The project involves the construction of a 600MW Cristino Castro solar power complex in Cristino Castro, Piaui, Brazil.
Construction work commenced in Q4 2023 and is expected to finish in Q4 2024.
3. Ribeiro Goncalves Solar Complex 322 MW
The project involves the construction of a 322MW solar power complex in Ribeiro Gonçalves, Piauí, Brazil.
Construction work started in Q4 2023 and is forecast to complete in Q4 2027.
The project’s objective is to increase the solar power generation capacity to meet the demand for power in the region.
4. Parque Fotovoltaico Los Andes Expansion 489 MW
The project involves the expansion of a photovoltaic plant in Los Andes, Antofagasta, Chile.
Construction work commenced in Q4 2023 and is expected to be completed in Q2 2026.
The objective of the project is to generate energy from Non-Conventional Renewable Energy, sustainably taking advantage of the large solar radiation existing in the northern part of Chile.
5. Coastal Solar Power Plant 100 MW
The project involves the construction of a solar plant in San Pedro de Macoris Province, Dominican Republic.
Construction work started in Q4 2023 and is expected to be completed in Q4 2024.
The objective of the is to provide green and clean energy. It also aims to set to be the largest plant in the country. Buy the profile here.
For more details on the latest construction projects, buy the profiles here.
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GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
