Brazil imports 7.8 GW in PV modules in the 1st half of 2023

Greener research shows that import volume was above projected expectations
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Brasil importa 7.8 GW de módulos no 1º semestre de 2023
Photo: Freepik

O Brazil imported 7.8 GW of photovoltaic moduless no first half of 2023, according to a report published this Wednesday (09), by Greener.

O resultdespite presenting a scenario of retraction of 21% compared to the same period last year (9.9 GW) – is the second largest in recent years, ahead of the volume of imports in the first six months of 2020 (2.5 GW) and 2021 (4.9 GW).

Greener also highlights in its study that the volume of imported solar panels across the country in the first half of 2023 was above projected expectations at the beginning of the year. 

Initially, an even greater decrease was expected due to uncertainties related to the new government, regulatory changes and macroeconomic factors, such as high interest rates and the population's growing indebtedness, making access to credit difficult. 

The higher-than-expected import volume index for the first half of 2023 is largely attributed to GC (centralized generation), which are expected to construction and entry into operation in 2023 and 2024”, highlights the entity’s study.

Volume of PV modules imported by Brazil. Photo: Greener

With regard to projects G.D. (distributed generation), the survey assessed that Brazilian consumers, influenced by the macroeconomic and political factors mentioned above, as well as by the beginning of the transition rules proposed by the Law 14,300, adopted a more cautious stance regarding investments in solar energy in the first months of 2023.

“This behavior was reflected in the reduction of 60% to 70% in the volume of sales of PV systems in the first quarter and in the increase in the inventory of equipment distributors (…) Despite the drop, photovoltaic generation added power to the grid close to 4.7 GW, still a reflection of the large number of sales recorded at the end of 2022 to consumers who wished to be covered by the acquired right”, reported the study. 

Picture of Henrique Hein
Henry Hein
He worked at Correio Popular and Rádio Trianon. He has experience in podcast production, radio programs, interviews and reporting. Has been following the solar sector since 2020.

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