The Brazilian subsidiary of the Belgian company reports that the board of directors deliberated and approved the “discontinuation of the photovoltaic product line,” a decision prompted by Chinese competition. It launched its last module on the market in September 2024.
Mature markets Brazil and Chile will account for 78% of total installations, with small-scale projects (<5 MW) accounting for 48% of total builds in the region, according to Wood Mackenzie.
This type of generation could become the country’s second largest source of generation by 2029, according to the National Electric System Operator (ONS). Distributors should take a more active role in managing DG systems, which have been associated with centralized generation curtailment events, according to the ONS.
The long-term contract with CGN Brasil and Pontoon Energia will supply city trains with renewable energy generated at the Lagoa do Barro Complex in Piauí. The forecast is for annual savings of BRL 12 million ($2 million).
According to the Brazilian Association of Photovoltaic Solar Energy (ABSolar), the PV sector has generated more than 1.5 million green jobs in the country since 2012. The recent increase in import taxes, however, is hampering that growth, the association warns.
Elera Renováveis has commissioned the third phase of the 1.6 GW Janaúba solar complex in Brazil. The facility, which went online this week, consists of 27 solar parks spread across 3,800 hectares.
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.
Solar-plus-storage systems are attracting homes and businesses to guarantee energy supply and avoid losses in emergencies. Brazilian solar trade body Absolar estimates battery prices have fallen around 90% over 15 years.
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