Latin America: solar photovoltaic power LCOE 2018, by country

Published by Lucía Fernández, Aug 8, 2023
In 2018, the estimated levelized cost of electricity (LCOE) for solar photovoltaic power in Latin America ranged from 0.07 to 0.13 U.S. dollars per kilowatt hour. Chile reported the lowest estimated cost in the region, while Brazil and Ecuador displayed some of the highest. Overall, the average installed cost for solar PV worldwide has decreased almost exponentially in the past decade.

Levelized cost of electricity (LCOE) of solar photovoltaic power in selected countries in Latin America and the Caribbean in 2018 (in U.S. dollars per kilowatt hour)

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Release date

June 2020

Region

LAC

Survey time period

2018

Special properties

estimates

Supplementary notes

Levelized cost of electricity (LCOE) is a measure of the average cost of electricity generation for a plant during its lifetime.
Figures were estimated by Solargis based on input from IRENA. Additional information regarding the methodology can be found here.

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