Government procurement price of Solar Panel in Brazil

The average solar prices of BRL67.48/MWh (around US$17.5/MWh) at last Friday’s A-4 auction would make PV the “cheapest power from any technology ever. in the history of the planet assuming it is confirmed subsidy-free,” Michael Liebreich, founder of BloombergNEF, remarkedafter the.
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"We indeed expected a price reduction but not that big and it was a positive surprise, as it puts Brazil within the countries sourcing solar for less than $40 MWh," Luiz Augusto Barroso, head

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6 FAQs about [Government procurement price of Solar Panel in Brazil]

Why are solar panels so expensive in Brazil?

Despite global overcapacity, several factors may contribute to a slight increase in solar panel prices in Brazil, with shipping costs and quotas for fiscal exemptions on imported PV modules playing a key role. From pv magazine Brazil Brazil imported around 10.1 GW of PV modules between January and May, according to PV InfoLink.

How many solar modules does Brazil import?

From pv magazine Brazil Brazil imported around 10.1 GW of PV modules between January and May, according to PV InfoLink. This capacity, worth $1.2 billion, exceeds the $1.13 billion import quota set by the Brazilian authorities for exemption from 9.6% import duties on solar modules from January to June 2024.

How much is a solar module worth in Brazil?

This capacity, worth $1.2 billion, exceeds the $1.13 billion import quota set by the Brazilian authorities for exemption from 9.6% import duties on solar modules from January to June 2024. The next round of tax-free import quotas is set at $1.014 billion from July 2024 to June 2025 and may be exhausted quickly.

Is solar a good investment in Brazil?

President of the Brazilian solar association, Absolar, Rodrigo Sauaia, told pv magazine, “The final average price for solar was impressive and the price drop was stronger that anticipated.” He also believes the long-term price reduction trend of solar PV in Brazil is solid.

Are solar panels subject to a tariff?

Imports above quota limits are subject to a 9.6% import tariff. Decreasing quantitative limits are set from 2024 to 2027. From 2028 onwards, solar panels imports are expected to be subject to a 9.6% import tariff.

Will solar panels be subject to a tariff in 2028?

From 2028 onwards, solar panels imports are expected to be subject to a 9.6% import tariff. Want to know more about this policy ? Learn more

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