Sengi Solar announced a BRL 440 million ($85 million) investment earlier this month to set up two solar panel factories in Brazil. The PV manufacturer recently spoke to pv magazine about the incentives that led to the decision, future technological developments, and its path to 100% Brazilian solar manufacturing.
The auction was scheduled to be held on September 16. Energy regulator ANEEL said the move was due to inconsistency in the auction management system.
Solar financing was a key topic on the third and last day of the Intersolar South America trade show in Sao Paulo, Brazil.
The first day of the Intersolar South America tradeshow happening in Sao Paulo, Brazil, started with very positive numbers signaling continuous growth and consolidation of the Brazilian solar market.
High-power solar panels with outputs above 500 W accounted for more than 60% of all PV module imports to Brazil by volume in the January-March period.
The Brazilian authorities awarded around 950 MW of renewables capacity in the nation’s latest auction, including 183 MW of wind, 400 MW of thermal capacity, and 189.5 MW of small-sized hydroelectric power. The final average price for solar came in at $0.0376/kWh.
The Brazilian energy company will award 10-year and 15-year power purchase agreements (PPAs) to projects exceeding 50 MW in size through this new procurement exercise.
Chinese manufacturer BYD has opened a new manufacturing line at its factory in Campinas, Brazil. It will use the new line to produce PV modules with a power outputs ranging from 450 W to 670 W.
According to a study by CELA Clean Energy Latin America, there are currently approximately 10.7 GW of solar photovoltaic and wind projects under bilateral PPAs in the Latin American country.
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.
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