Brazil readies big push on solar energy but companies are wary

Grappling with its worst energy crisis in more than a decade, Brazil is making its first big move to develop a local solar power industry that could help reduce its dependence on a battered hydro power system.

In October, Brazil will hold an auction to negotiate energy to be produced exclusively by solar farms, the first ever of the kind in the South American country.

Power companies have registered some 400 projects for the auction, but many remain wary of the outlook for solar power in Brazil and say they need more clarity on investment conditions and financing before signing any deals.

The auction could negotiate up to 10 gigawatts (GW), although industry sources estimate final volumes at a much smaller level, varying from 500 megawatts (MW) to 1 GW.

Sun-kissed Brazil has one of the highest solar radiation factors in the world and plenty of land for solar farms, plus large reserves of silicon, used to make solar panels.

Yet the country has almost no solar power generation, while its BRICS partner China, for example, added 12 gigawatts last year alone – enough to supply around 10 million homes. cont'd..

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

Darfon G320 Microinverter

Darfon G320 Microinverter

The Darfon G320 is the microinverter solution for today's high-power solar modules. The G320 handles 60- and 72-cell modules up to 350W DC and outputs up to 300W AC. The G320's 3-phase configuration accommodates the electrical distribution systems of most commercial buildings and to reduce, if not eliminate, the need for expensive transformers. The G320 comes in four voltage/phase configurations, so it can be installed in residential, commercial or utility applications.