Latin America and the Caribbean has long been viewed as a key growth region for renewable energy. More than 450 MW of grid-connected solar photovoltaics are anticipated to be installed in 2013, up from 100 MW in 2012. More than 8 gigawatts (GW) of large-scale solar projects have been announced in the past year; annual installations will exceed 5.7 GW by 2017, bringing cumulative grid-tied solar capacity to 13 GW over that five-year period, according to GTM Research, which outlines the market opportunities for solar energy in Latin American markets in a new report.