Brazil’s energy regulatory authority Agencia de la Energía Eléctrica (Aneel) has reported that there are currently over 10,000 operational PV systems under the net metering scheme in the country. These installations have a combined capacity of 78 MW.
Over the past 12 months, around 7,000 new installations totaling about 50 MW were connected to the grid in Brazil. At the end of March 2017, the combined capacity of PV under net metering stood at 70 MW.
The increase of distributed PV projects in the country coincides with the reduction in costs of the solar technology, as well as with a larger awareness between homeowners and small businesses of the potential of this technology.
The net metering scheme was introduced by the Brazilian government in 2010. More recently, more financing options for this kind of solar project have been offered, such as specific financing offers linked to regional programs. In 2016, the Brazilian government also introduced a package of measures to improve net metering conditions at a national level. The measures include, along with the better financial conditions for project loans, an increase of the size limit for projects under net metering to 5 MW.
Aneel is targeting to reach 1.2 million PV systems under net metering by 2024.