Makus Vlasits, chief executive for Yingli in Brazil, says Yingli has a roughly 50% market share in Brazil, while acknowledging that the Brazilian market is still “very small”.
"In absolute terms, the PV market doesn't really exist," Vlasits said while speaking at a conference, adding that the country's total installed capacity is only about 30MW.
But the market may finally take off on the back of a reserve auction in Brazil scheduled for late October, for which more than 400 solar projects with a combined potential generation capacity topping 10GW have been registered.
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