The number of PV installations around the world grew by an annual average of 28% between 2019 and 2023, including a 56% jump from 2022 to 2023, according to Wood Mackenzie. Growth is not expected from 2024 to 2028, however.
Sao Paulo-based Clean Energy Latin America says green hydrogen could be produced in Brazil at a levelized cost of hydrogen (LCoH) of $2.87 and $3.56 per kg in some strategic locations.
Brazilian consultancy Greener says that Brazil imported 7.8 GW of solar modules in the first half of this year, down 21% year on year. However, it says a reduction in distributors’ inventories and module prices could drive up cost competitiveness in the second half.
Brazil’s distributed PV systems, including installations up to 5 MW in size, have surpassed 22 GW of cumulative capacity. By the end of June, more than 2 million arrays had been deployed nationwide.
Solar module prices will be pressured by rising industrial capacity this year, with capacities doubling in the ingot/wafer stages and potentially quadrupling for polysilicon by 2027, according to the latest PV pricing report from Clean Energy Associates (CEA).
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