Monday, June 24, 2024

Value of Brazilian residential photo voltaic tasks falls in Q1


The price of Brazilian residential solar projects fell in Q1

The common worth of residential photo voltaic vitality tasks in Brazil within the first quarter of 2024 is 2.76 reais (US$0.53)/Wp (peak watt), down 5% from the earlier quarter, based on a research by fintech Solfácil.

Solfácil market intelligence analyst Henrique Taffarel predicts that the worth is more likely to stay on the identical stage all year long, regardless of the beginning of the import tax on photo voltaic panels.

One motive for this pattern is the truth that the worth of polysilicon – the semiconductor materials used within the manufacturing of photovoltaic cells – fell by 20% since January.

“As China is overproducing, costs ought to stay low, except some factories cease or scale back manufacturing as a result of they can not cowl prices and, to a lesser extent, due to the affect of {dollars} and freight prices,” Taffarel advised BNamericas.

He emphasised that low costs and the discount of the nation’s benchmark Selic rate of interest make the financing of photo voltaic vitality tasks extra possible.

“Now the electrical energy invoice low cost covers installment financing in some states,” mentioned Taffarel.

The Selic is at 10.75%, the bottom stage since March 2022. From March 2021 to August 2022, the Copom financial coverage committee raised the Selic 12 instances in a row, in a financial tightening cycle that started between within the improve of meals, vitality and gas. costs. From August 2022 to August 2023, the speed is maintained at 13.75%.

Amapá and Rondônia stay the most affordable states to put in residential photo voltaic vitality, with 2.46 reais/MWp and a couple of.50 reais/MWp respectively, whereas Minas Gerais and Pará are the costliest with 3.19 reais/MWp and three.06 reais/MWp, based on Solfácil’s report.

Deye, Solis and Goodwe overtook Growatt within the first quarter because the photo voltaic inverter manufacturers with probably the most requests in Brazil.

View the complete report within the Document field within the higher proper nook.

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