Batteries will form part of the consumer picture within two to three years, according to Júlio Bortolini, from Brazilian conglomerate Soprano.
Brazil reached the 50 GW solar mark by the end of October, with 33.5 GW of distributed solar and 16.5 GW of utility-scale PV, according to new data from Brazilian PV association ABSolar.
Brazilian PV association ABSolar says the Brazilian government’s decision to raise the import duty on solar modules from 9.6% to 25% could slow the country’s energy transition and negatively affect ongoing projects.
That figure would require incentives, regulation and ambition. A study by Clean Energy Latin America (CELA) estimated the Brazilian storage market should grow at least 12.8% annually through 2040, reaching a cumulative 7.2 GW, excluding client-side, ‘behind-the-meter’ installations.
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