Photo voltaic module costs rising in Brazil – pv journal Worldwide

From pv journal Brazil

Brazil imported about 10.1 GW of PV modules between January and May, in accordance with PV InfoLink. This capability, valued at $1.2 billion, exceeds the $1.13 billion import quota set by the Brazilian authorities for exemption from 9.6% import duties on photo voltaic modules from January to June 2024.

The subsequent spherical of duty-free import quotas is about at $1.014 billion from July 2024 to June 2025 and will run out shortly. The authorities will impose taxes if the import restrict is exceeded, and better transport prices may additionally enhance photo voltaic module costs.

“The container prices about $2,500 to $2,300, and it simply jumped to $9,300,” mentioned WIN Distribuidora Commercial Director Camilla Nascimento. pv journal.

Nascimento added that there’s little room to barter the transportation, which is completed in a selected 40-foot container mannequin. “We are ‘hostage’ to make use of such a modality. And the ships are too heavy due to the entire worldwide state of affairs, the problem of wars has modified the worldwide commerce and the rise within the consumption of Chinese merchandise in Brazil and around the globe enhance the demand.”

Due to the 15% enhance within the US greenback towards the Brazilian actual this yr and a rise in freight prices, a rise in PV system prices is anticipated within the second half of the yr, mentioned the chief.

Brazilian consultancy Greener estimates 60% to 70% of imported volumes this yr for the distributed PV era market. The greenback and transport prices have affected PV system pricing, however the entry of low-cost modules resulting from China’s excessive manufacturing capability will scale back these results within the coming months, it mentioned.