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.
Around 2 GW of new PV capacity were deployed in the Latin American country over the past five months.
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.
The transaction should be finalized by the end of the month, with the deal amounting to a $320 million equity investment.
Polluting energy sources received more than $3 trillion from the EU and 19 of the world’s largest national economies over that four-year period, despite G20 members having pledged to phase-out fossil fuel subsidy and address climate change back in 2009.
Canadian Solar has banked the cash for its growing portfolio of solar projects in a nation which had module demand of 5 GW last year.
With Australia prepping plans for vast green hydrogen and ammonia production facilities, two of the country’s state governments are trying to drum up the end-user market as agreements are signed to drive use of the gas in Ukraine and Poland.
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 latest global PV industry outlook published by trade group SolarPower Europe, has indicated tight supply of the solar panel raw material is expected to persist this year but the trade body said it would be unlikely to drive further price rises.
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