New prices for PV panels in Sao Paulo Brazil - G-Tech Holding Telecom Energy

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6 FAQs about New prices for PV panels in Sao Paulo Brazil

Is solar a good investment in Brazil?

President of the Brazilian solar association, Absolar, Rodrigo Sauaia, told pv magazine, “The final average price for solar was impressive and the price drop was stronger that anticipated.” He also believes the long-term price reduction trend of solar PV in Brazil is solid.

Is the Brazilian solar market on the cusp of maturity?

The Brazilian solar market is on the cusp of maturity, if the result of the recent A-4 auction, which delivered a surprising drop in PV technology prices, is anything to go by. The final average price for all of the solar projects selected in the auction came in at a surprising 118 BRL (US$35.2)/MWh.

Did Brazil expect a solar price reduction?

“We indeed expected a price reduction but not that big and it was a positive surprise, as it puts Brazil within the countries sourcing solar for less than $40 MWh,” Luiz Augusto Barroso, head of the Brazilian government-run energy agency, EPE told pv magazine.

Which energy technology has the most installed capacity in Brazil?

After hydropower, solar PV is the technology with the most installed capacity in Brazil, with over 48GW in operation. Solar PV represents 20% of the country's total installed electricity capacity.

What is Brazil's import tax rate on solar modules?

Brazil had already raised its import tax rate on solar modules to 9.6% on 1 January 2024. Image: Unsplash. The Brazilian government has raised the import tax rate on solar modules from 9.6% to 25%.

Why did Brazil win the solar auction?

The strong performance delivered by PV in Wednesday's auction has demonstrated the solid market fundamentals of Brazil's solar sector, and an improving competitive landscape. The winners of the auction included both major international players and local companies.

Brazilian PV market is maturing faster than expected –

In its press release on the auction''s outcome, Absolar said the strong drop in prices was mainly attributable to three key factors: (i) the price reduction for PV components;
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