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Brazil's installed solar capacity to jump 115% by end-2018 – report

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Brazil's installed solar capacity to jump 115% by end-2018 – report


August 30 (Solar) – The Brazilian Association of Photovoltaic Solar Energy (Absolar) projects that the country will end 2018 with 2.5 GW of installed solar power generating capacity, a 115% surge from the 1.15 GW in end-2017, Reuters said on Wednesday.

The boost to the source, which currently represents only 0.8% of the country's capacity, should come from the construction of both large photovoltaic (PV) parks, which should reach a little over 2 GW by the end of the year, and the increasing number of distributed generation (DG) systems, which Absolar expects to close the year with 410 MW of total capacity.

Among the main reasons for the rapid growth of DG solar plants in Brazil, be it at homes, businesses or industries, is the rise in energy tariffs in recent years and the significant drop in prices of solar equipment, mostly imported from China. 

At the moment, Brazil's state-owned energy research firm EPE is preparing a new Ten-year Energy Plan (PDE), in which the agency forests that large-scale PV plants will account for 5% of the country's energy mix by 2027, Reuters noted.


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