PV financing opportunities in Brazil
Brazil: Despite boasting solar radiation in the range of 2,154 kWh/m2 in the northeast to 1,898 kWh/m2 in the south, Brazil has yet to seriously integrate PV energy generation into its power matrix due to volatile energy prices, risk averse local financing and an embryonic international banking market. However, opportunities to develop PV projects exist, writes Rosa Tarragó of Sowitec.
In April, Brazil’s National energy regulator Agência Nacional de Energia Elétrica (ANEEL) reported installed PV capacity in the country stood at just 13.28 MW. Although there have been plenty of utility-scale PV projects announced over the past two years, PV accounts for less than 1% of Brazil’s total generation capacity. Meanwhile, government-backed research suggests 8 …
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