Ecuador Solar Energy Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The Ecuador solar energy market is expected to grow at a CAGR of around 12%, during the forecast period. The primary driver for the market includes the government initiatives, that include the uses of clean and alternative sources of energy in order to preserve the environment from the growing carbon emission. However, the lack of certainty in regulations around feed-in tariffs is expected to hinder the market growth during the forecast period.
Key HighlightsThe Ecuador solar energy market is consolidated. The key players in the market include Renovaenergia SA, Solergy Ecuador C.ltda., Enercity SA., Acciona SA, and Arausol Gmbh.
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