Brazil has made international headlines on political and economic issues lately, most of which did not paint a rosy picture of the country’s current situation. Nonetheless, development of the solar sector is on a promising path, with the successful execution of several large-scale PV auctions and increasing interest from industry players to set up a local value chain.
Apricum articles
Our view on the latest developments in Brazil.
Improved access to public finance for solar may unlock the potential for distributed generation in Brazil
Next to the utility segment, the commercial/residential rooftop segment of the Brazilian PV market offers good market potential, driven by very favorable conditions for self-consumption of generated power.
Centralized auctions drive growth in Brazil’s utility-scale PV market
Plans to diversify Brazil’s hydro-dominated electricity market continue to move ahead, most recently boosted by the just announced solar tendering rounds. With a clear need for additional power generation capacity (~63 GW by 2022) to satisfy a growing population and economy, opportunities are opening up in Brazil’s expanding solar utility-scale and distributed generation segments.