Brazils Bank of Economic and Social Development (BNDES) reports that there are now five PV module factories accredited under its Finame program, and another 15 solar manufacturing projects. In total, there are 17 manufacturers with accredited industrial projects under the program, according to a BNDES press release.
In addition to the five module factories, BNDES has accredited seven inverter production facilities, five PV system providers, two for monitoring systems and one connection box plant.
A part of the process of accreditation is to verify that the manufacturer meets minimum local content requirements. PV projects which receive BNDES funding must use a portion of locally produced equipment.
BNDES also indicated in the press release that it is processing applications for accreditation by four other PV module manufacturers. Of these three are foreign companies and one Brazilian. Once complete, the capacity of these PV module factories will be around 1 GW, according to BNDES.
In the case of these final companies, which are said to be large companies, these will bring more certainty to the sector, as these will have the capacity to handle procurement projects and distributed generation, according to the bank.
To date Brazil has completed three solicitations for solar PV, in which it has awarded around 3 GW of projects. This year the nation will hold another two auctions for solar PV, on July 29 and October 28.
This article was translated by Christian Roselund. For the original in Spanish, please see the pv magazine Latinoamérica website.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.