Chinese manufacturers are highly sought after: Brazil's photovoltaic market has enormous potential

Introduction: The growth in demand for electricity resources in Latin America, strong government support, and market demand for photovoltaic equipment have all driven the development of solar energy in the region.

Solar Photovoltaic Network News: The growth in demand for electricity resources in Latin America, strong government support, and market demand for photovoltaic equipment have all driven the development of solar energy in the region. China's photovoltaic and solar energy industry has advantages in technology, cost, and production capacity. Industry insiders believe that capacity cooperation in the photovoltaic field between China and Latin America will embark on a fast track.

A research report shows that solar power production capacity in Latin America increased by 370% to 625 megawatts in 2014, and it is predicted that there will still be a three digit growth in 2015. Experts in photovoltaic industry analysis point out that in the next four years, Latin America's demand for solar energy is expected to account for 2% of the global total demand, with Mexico, Brazil, and Chile being the three major potential markets in Latin America.

As the largest economy in Latin America, Brazil can be considered a rising star in the field of solar energy. The country has abundant solar energy resources, but for many years, the solar power generation industry has not received sufficient attention. Last year, Brazil experienced a drought that occurred once in over 80 years, affecting its electricity supply. With abundant sunlight, Brazil began to vigorously develop its photovoltaic industry.

It is predicted that in 25 years, one-fifth of Brazil's electricity will come from solar energy, and the total installed capacity of the country will reach 80.5GW. In 5 years, investment in the solar energy sector will reach 93 billion US dollars.

The broad prospects of the Latin American market have attracted the attention of global photovoltaic companies. The recent South American Solar Expo held in S ã o Paulo, Brazil has attracted a large number of manufacturers and buyers from Latin American countries.

This super hot phenomenon indicates that the Brazilian photovoltaic industry will develop rapidly in the coming years, and the production capacity cooperation between China and Brazil in the photovoltaic field will be on a fast track. This "hot" scene is similar to the situation encountered during exhibitions in Japan a few years ago, and many customers are eager to cooperate with Chinese enterprises. In the following years, Chinese photovoltaic products have also entered the Japanese market on a large scale.

Currently, solar energy is considered a cost-effective energy source, but its cost will continue to decrease with the development of technology. In 2012, the Brazilian National Electricity Authority issued a decree allowing the public to generate electricity on their own and allowing surplus electricity to be transmitted to the grid, thereby obtaining electricity tariff discounts. This will provide legal protection for the development of distributed solar energy in Brazil.

With the further increase of support from the Brazilian government, the Brazilian photovoltaic market will experience rapid development. It is expected that Brazil will have 795000 sets of photovoltaic equipment and an installed capacity of 2435 megawatts by 2025.