Brazilian consultancy Greener reports that monocrystalline PERC modules are currently being sold at an average price of $0.24/W in the Brazilian PV market, but prices may keep rising, possibly into 2022.

The Brazilian authorities have allocated 860 MW of power capacity in the country’s latest procurement exercise, including 20 solar projects.

The Latin American country may see unprecedented growth for PV systems not exceeding 5 MW in size during this decade, according to Brazil’s state-run Empresa de Pesquisa Energetica (EPE) agency. New rules now under discussion in the parliament may further boost this market segment and lead, eventually, to another 30 GW of installed solar power.

Brazilan PV module recycling specialist SunR has already recycled 30 tons of panels and expects to receive another 125 tons. According to its CEO, demand for recycled panels, especially broken panels, has increased considerably in recent years.

According to a new report from Brazilian consultancy Greener, the Latin American country installed 1,450 MW of distributed generation PV systems and just 63 MW of large-scale PV plants in the first half of 2021. Despite the disappointing large-scale performance, the strength of the distributed segment should ensure another record year for the Brazilian solar sector.

Energy Source, a Brazilian battery specialist, is currently providing energy storage services with reused and recycled batteries. Battery recycling and related metals recovery are conducted separately, without the burning of materials.

Solar developers only had limited success in Brazil’s latest energy auctions, with relatively higher prices for PV. Several analysts spoke to pv magazine about the results of the procurement exercises.

The factory will be located in the state of Ceará and is expected to begin manufacturing activities in 2022.