Demand for solar energy is increasing in Brazil, as domestic power rates rise. Solar developers have a strong appetite for utility-scale projects in the sunny country, with some 20GW under development.
Yet industry sources say that not all of the pieces are in place to guarantee a healthy market development – and China’s recent economic problems represent another headwind.
China’s recent economic troubles have sparked a renewed round of devaluation of the Brazilian real against the US dollar, increasing the cost of importing panels into the country.
