Strategic Study of the Photovoltaic Distributed Generation Market is the result of Greener’s traditional Market Research conducted during the first semester of 2023 with nearly 3,000 integrator companies, aiming to understand the trends of the Photovoltaic Distributed Generation Market in Brazil and share strategic data and information with various sector players.
This is just a summary. See the full version by downloading the file from the form on the side.Summary - Strategic Study of the Photovoltaic Distributed Generation Market - 1st Half of 2023.
Main Highlights of the Study:
- The demand for PV modules in the Brazilian market in the first half of 2023 exceeded 7 GW, despite a 19% decrease compared to the same period in 2022, enabling investments of over R$ 25 billion for both distributed generation and large plants.
- Prices of PV systems experienced an average 17% decrease in June 2023 compared to January of the same year. Reduction in module costs, devaluation of the dollar, and a high level of equipment stock in wholesale were factors contributing to the decrease in prices for the end consumer.
- Financing of PV systems facilitated 48% of sales in the first half of 2023, compared to 22% in the last half of 2022. Despite the increased participation in sales, the financing rate is still below the market practice recorded in previous research, ranging from 54 to 57%.
- Improved return on investment in PV systems, with a 15% reduction in payback for local residential installations compared to January 2023, with the decrease in PV system prices (CAPEX) being the primary factor for this variation.