Brazil expects PV installed capacity to reach 24.9GW by the end of 2022

    Brazil's "Economic Value News" reported on May 30 that the Brazilian Photovoltaic Energy Association (Absolar) predicted that in 2022, the investment in photovoltaic Complete Solar Panel System power generation will reach 50.8 billion reais, and the investment in distributed power generation should exceed 40 billion reais. Large-scale projects will total more than 10 billion reais. The investment will boost Brazil's installed PV capacity by 82%, which should reach 24.9 GW by the end of this year.

    Sauaia, president of the Brazilian Photovoltaic Energy Association, said the average price of photovoltaic power generation is about US$30 per megawatt per hour (MW/h), and in the last three new energy procurement auctions promoted by Brazil's National Electricity Agency (Aneel) in 2021, photovoltaic Power generation is the cheapest of the two. The A-4 new energy auction project planned by the State Electricity Administration on May 27 will be operational within four years, with photovoltaics accounting for nearly 70% of the registered electricity for the event.