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2022 Brazil Solar PV Market Analysis Aug 15, 2022

Recently, the Brazilian government introduced new regulations to introduce a new pricing mechanism for the country's distributed PV electricity prices. The new regulations will take effect in 2023. According to the new regulations, distributed photovoltaic systems with an installed capacity of less than 5,000 kilowatts in Brazil will use "net metering tariffs" until 2045.


Rodrigo Sauaia, executive chairman of the Brazilian Solar Energy Association, said that the new regulations strengthen Brazil's regulation of distributed photovoltaic systems and the stability of policy implementation. "In the future, the proportion of distributed generation in Brazil's total power generation will be higher and higher, and it will gradually exceed the power generation of utility-scale photovoltaic systems." At present, the total installed photovoltaic power generation capacity connected to the grid in Brazil is 13 million kilowatts. , of which, the installed capacity of distributed photovoltaics has reached 8.4 million kilowatts.

Brazil is expected to add more than 11.9GW of photovoltaic installed capacity in 2022. According to the assessment, private investment in the Brazilian PV industry could exceed BRL 50.8 billion (~$9.85 billion) by 2022, including small and medium-sized PV systems (installed on roofs, building facades and ground) and utility-scale Photovoltaic systems (large photovoltaic farms). According to the analysis, Brazil will deploy photovoltaic systems with an installed capacity of more than 11.9GW in 2022.


The Energy Research Corporation (EPE), a subsidiary of the Brazilian Ministry of Energy and Mines, publishes the Ten-Year Energy Expansion Plan every year, clarifying the mid- and long-term energy structure transformation and development goals. By 2030, Brazil's electricity demand will increase from 546TWh in 2019 to 763TWh, with an average annual increase of about 3%, transmission lines will increase from 162,700 kilometers to about 200,000 kilometers, and the country's total installed power capacity will reach 224.3GW, of which concentrated The installed PV capacity will increase from 3.1GW to 8.4GW. In addition, the government plans to attract more than 300 billion reais of investment between 2020 and 2030 for the construction of power points, of which new investment in wind power and photovoltaics accounts for more than 50%.

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