German inverter manufacturer SMA has announced the establishment this week of SMA Brazil a new subsidiary that will focus solely on the opportunities of this growing solar PV market.
SMA Brazil will work in close collaboration with Chile-based SMA South America to ensure that the companys operations in the Latin America region are maximizing the potential there, but will focus solely on Brazil, offering sales, project planning, service and technical training for the entire country.
The growing utility-scale market will be SMA Brazils chief interest, but the company confirmed that it will focus on all PV market segments, including distributed and commercial solar opportunities.
Solar in Brazil is expected to grow into a multi-GW industry very soon. The market is being shaped by new federal energy contract auctions, tax exemptions for solar customers based on net metering credits, and a growing desire to adopt cleaner energies in response to increased instances of droughts and other challenges to the nations aging energy infrastructure.
SMA Brazil is based in Itopeva/Sao Paulo, and the parent company expects this subsidiary to help propel Brazil into the first division for solar globally.
"Brazil continues to attract international developers, which in turn helps develop the PV supply chain while spurring the growth of distributed generation in Brazil," said SMA South America MD Daniel Rosende. "We are already supplying SMA solutions for every PV market segment in Brazil, and participating in major utility-scale projects locally."
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.