Ingeteam has already concluded the supply of 108 solar inverters made in Brazil and 32 substations or power stations also assembled in the country.
Canadian Solar Inc. today announced that its Global Energy business group recently signed private power purchase agreements (“PPA”) with Usinas Siderurgicas de Minas Gerais S.A., one of the largest steelmakers in Latin America, committing 50% of the total electricity production of a 381 MWp solar power project in Brazil.
Renovigi is Brazil’s second-largest system integrator and PV product distributor. The company currently operates two production units, in Itajaí, in the state of Santa Catarina; and in Louveira, in São Paulo, where it integrates complete photovoltaic systems which are then distributed among its more-than-9,000 accredited installers.
The Brazilian authorities have introduced new rules to ensure that PV systems below 5 MW in size will still be eligible for net metering tariffs until 2045. A grid fee for prosumers will go into effect from 2023, but the economic profitability of rooftop PV and small solar parks is expected to remain high.
Brazil’s deployment of distributed generation PV (below 5 MWp) has exploded from a total capacity of 500 MW in 2018 to 7 GW by September of this year. The trigger for this increase, alongside rocketing electricity prices, was the 2019 proposal of law 5829, writes IHS Markit analyst Angel Antonio Cancino. The proposal is expected to pass into law at the end of this year and will gradually introduce grid-access charges for residential and commercial system owners.
Canadian Solar Inc. and VTRM announced today the sale of Canadian Solar’s 635 MWp Jaíba V solar project to VTRM.
Falling electrolyzer costs driven by economies of scale, increased automation of production and the modularity of such systems will bring green hydrogen to a competitive cost with its fossil-fuel powered variants in a dozen markets by 2030, according to WoodMac.
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