With 349 megawatts of utility-scale PV projects under construction despite concerns about country risk, Honduras has emerged as Latin America's 2015 surprise story. There is incentive to quickly finish projects in the Central American nation, as the first 300 megawatts of projects to connect by July qualify for a bonus tariff of $155 per megawatt-hour.
GTM - In the latest edition of the Latin America PV Playbook, GTM Research forecasts Honduras to install 460 megawatts of PV this year. This puts Honduras second in the rankings, behind perennial market leader Chile, which is expected to install 1 gigawatt in 2015. Mexico, Latin's America's No. 2 installer in 2014, will be bumped into third place.