Brazil reached the 50 GW solar mark by the end of October, with 33.5 GW of distributed solar and 16.5 GW of utility-scale PV, according to new data from Brazilian PV association ABSolar.
Brazilian PV association ABSolar says the Brazilian government’s decision to raise the import duty on solar modules from 9.6% to 25% could slow the country’s energy transition and negatively affect ongoing projects.
That figure would require incentives, regulation and ambition. A study by Clean Energy Latin America (CELA) estimated the Brazilian storage market should grow at least 12.8% annually through 2040, reaching a cumulative 7.2 GW, excluding client-side, ‘behind-the-meter’ installations.
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