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Business Opportunities Assessment for Solar Photovoltaic (PV) Market in Brazil

Brazil solar PV market: Implementation costs to decrease in coming years

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2014-04-22 21:49:01 - Business Opportunities Assessment for Solar Photovoltaic (PV) Market in Brazil - a new market research report on

Generation in the Brazil solar PV market is segmented into 3 components: centralized, distributed, and isolated. The Brazilian government still awaits a reduction in solar prices to create a specific auction by the end of 2013 or the beginning of 2014. However, the Ministry of Mines and Energy (MME) does not demonstrate any signs of this happening.Solar implementation costs are expected to keep decreasing within the next few years, and more components are expected to be manufactured in Brazil. From 2009 to 2012, few changes occurred in the solar segment; capacity installed and revenues were considered stable and not representative.Major companies are betting on medium and high voltage consumers of self-consumption to leverage the market revenues and capacity installed. Centralized



energy will boost the sector and will continue to attract foreign companies as regulations and bureaucracies become known.Distributed generation could grow faster with financial support, better service from energy concessionaries, and cost reductions; nonetheless, it will grow considerably. Competition is high and companies are targeting different niches.

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