Brazil

Despite global overcapacity, several factors may contribute to a slight increase in solar panel prices in Brazil, with shipping costs and quotas for fiscal exemptions on imported PV modules playing a key role.

The BRL 950 million ($175 million) São João do Paracatu solar park in Minas Gerais employs 500,000 solar modules distributed over an area of ​​509 hectares and counts clients in the areas of mining, magnesium industrialization and plastic production and recycling.

The Itaipu hydroelectric power plant could almost double its generation capacity if it were to install a large floating solar plant that would occupy only 10% of its 1,350-square-kilometer reservoir area, according to an estimate released by the energy consulting and analysis firm PSR. The installation of floating PV could be an alternative to the repowering of power plants, although it faces regulatory and operational constraints.

FRV is one of a number of companies that has already signed contracts with the Ceará government for the production of green hydrogen and its derivatives in the state. Its H2 Cumbuco project is set to expand to 2 GW of electrolyzer capacity in two phases. The project will use residual urban water treated by the local sanitation company.

Colombia, Brazil, and Chile lead the hydrogen market in Latin America and the Caribbean, according to new data presented by Hinicio and New Energy at the recent 4th Hydrogen Congress for Latin America and the Caribbean (H2LAC 2024).

Spanish solar developer Solatio says that it plans 4 GW of solar to support hydrogen production in Brazil, under a $1.94 billion agreement with the state government of Piauí.

Rystad Energy says China appears set to smash its national hydrogen targets, solidifying its lead in the global electrolyzer market, while European Union and Japan have agreed to cooperate on hydrogen research.

Livoltek says it has invested $13.2 million in a new inverter factory in Brazil. The facility will also produce soon lithium-ion batteries and electric-vehicle rechargers.

Brazil added 6 GW of new PV capacity between January and April. ABSolar, the Brazilian PV association, says the country has now cumulatively deployed 43 GW of solar capacity, with around 24 GW from PV systems below 75 kW in size.

Developer Loop Energia has built a 1.2 MW offgrid solar plant that now serves a center-pivot irrigation system in the Brazilian state of Bahia. The project reportedly enables local farmers to double soybean harvesting by achieving considerable savings through significantly lower diesel consumption.