Brazil''s PV market is booming, with installed
Brazil''s photovoltaic power generation has increased more than 4,300 times over the past decade, making it the country with the
Compared with distributed solar, utility-scale solar generating capacity at the end of June was only 17.9 GW, according to the Brazilian Electricity Regulatory Agency (ANEEL). As of June 30, 2025, total solar electric generating capacity in Brazil was 23% of the total electric generating capacity.
However, some of these PV modules have not yet arrived in Brazil, which will be reflected in the import data for the first quarter of 2024. In 2023, the price of solar modules in Brazil fell by an average of 40%, mainly due to the expansion of the Brazilian solar industry.
However, Brazil's demand for electricity is mainly from the eastern coast that relies primarily on hydropower, which could be insufficient to fulfill the ring electricity demand during the coming years. According IRENA, Brazil's total installed solar energy capacity reached around 24.08 GW in 2022 increased from around 14.19 GW in 2021.
The fourth quarter broke records with over 5GW of imports, as noted by Greener, a local solar analysis and advice company—that's the most Brazil ever saw in three months. From November to December, China shipped nearly 4GW of solar modules to Brazil, becoming a huge part of Brazil's import activity.
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