The Strategic Study of the Distributed Generation of the PV Market is the result of the traditional Market Research trat Greener carried out during the 2nd half of 2022 with over 5k integrating companies in order to better understand the trends of the PV DG Market in Brazil and share data and strategic key information for the various players in the sector.
Strategic Report: Distributed Generation | 2023
Main Highlights of the report:
1. The volume of PV modules demanded by the Brazilian market in 2022 to meet solar generation exceeded 17 GW, enabling investments in excess of BRL 64 billion both for distributed generation and large power plants. A 73% growth compared to 2021 (10.3 GW).
2. Growth of the solar market despite the drop in the share of financing for PV systems, supporting 22% of sales compared to 57% in 2021, reflecting the rise in interest rates in the country.
3. The changes to the distributed generation rules that came into force in January 2023 bring a slight decrease in the attractiveness of residential and commercial PV systems. Despite this, solar generation continues to be a profitable and advantageous investment for the end consumer.
4. Prices of PV systems have an average drop of 12% in 2022. Decrease in module costs and high level of wholesale equipment inventory were factors that contributed to the drop in prices to the final consumer.