Brazil

Canadian Solar has actually protected 225.2 million Brazilian reais (USD 55 million) project funding from BNB for its Lavras solar energy projects in Brazil

According to medium-term forecasts, Brazil is likely to become a competitive PV panel manufacturer globally and a major player among Latin American countries.

Jinko Solar Holding and Aldo Solar have announced a long-term partnership in one of the most important distribution deals signed by Jinko Solar in Brazil

The Brazilian renewable energy subsidiary of power giant Enel Group has brought online a 475MW bifacial solar project in Brazil’s northeastern state of Piauí.

EDP Renovaveis SA (ELI:EDPR) has secured a power purchase agreement (PPA) for the output of the 66-MW Lagoa solar park it plans to build in the Brazilian state of Paraiba.

Shenzhen-based BYD intends to significantly increase the production of solar panels in Brazil in 2020, in response to demand from the local market, said the director of marketing and sustainability of BYD in Brazil, Adalberto Maluf.

The Brazilian president said the potential introduction of a grid fee for net metered solar systems will be eliminated thanks to an urgent ad-hoc decree expected to be approved soon by parliament. The proposed ‘solar tax’ would have affected all new PV installations with a generation capacity of no larger than 5 MW under Brazil’s net metering regime.

Canada’s Solar Provider Group (SPG) is the latest foreign developer to enter the Brazilian PV market, with a plan to invest US$250 million over the next five years.

Solar Provider Group has arranged a team to enter the Brazilian solar market with the goal to complete investments worth $250 million over the next 5 years

The 117 MW Solar farm located in Sertão Solar Barreiras Complex is the fourth project by Atlas Renewable Energy which has been commissioned and functioning

Analysts at Fitch Solutions have published a report singling out Spain and Brazil as ‘outperformers’ in the global solar market and labelled Vietnam the “market to watch”. The analysts expect surging growth from the Southeast Asian nation to continue in the coming decade.

A bullish Brazilian PV market has marked its latest milestone this year, becoming the cheapest electricity source of an auction it was allowed to enter for the first time this month.

Brazilian renewables developer Sunlution and French floating solar firm Ciel & Terre have completed construction of a 1.01MW PV project that floats on a hydroelectric reservoir in the north-eastern state of Bahia in Brazil.

After emerging as the recipient of most of the Brazilian government’s public allocation of generation capacity, the Canadian-Chinese manufacturer has secured a large share of projects in auctions held by power companies Copel and, probably, Cemig.