China Dominates 90% of Brazil's Solar Energy Market; Brazilian Giant WEG Has Only 1% Market Share

China Dominates 90% of Brazil’s Solar Energy Market; Brazilian Giant WEG Has Only 1% Market Share

Written by Alisson Ficher

Published on 31/07/2024 at 20:17

China domina o mercado de energia solar do Brasil. (Imagem: reprodução)

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When It Comes to Solar Energy in Brazil, It Is Inevitable to Think About the Overwhelming Domination of a Specific Group. But Who Could Imagine That This Hegemony Would Be Nearly Exclusively China?

The Solar Energy Market in Brazil Is Currently Dominated by Chinese Companies, Which Control an Impressive 90% of Solar Panel Sales in the Country – the data released reflects exclusively the Solfácil database, as it was collected from financing requests made on the platform during the second quarter of the year.

This information contrasts sharply with the situation of WEG, one of the largest Brazilian manufacturers, which holds only a 1% market share in this rapidly growing market.

According to the released data, the Chinese company Deye leads with 22% of the sales volume, followed by Goodwe, which holds 18% of the market and specializes in large projects.

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How to Compete with China

These data raise an intriguing question: how can a Brazilian company compete in a market so dominated by foreigners? WEG, with only a 1% share, faces significant challenges in expanding its presence.

Competition is fierce, and Chinese companies are establishing a difficult-to-overcome advantage due to their ability to offer more competitive prices and advanced technologies.

However, there is a path for WEG and other Brazilian companies. Investing in technological innovation, expanding partnerships, and seeking underexplored market niches are strategies that can help reverse this scenario of foreign dependence.

Moreover, the growing awareness of the importance of sustainability may serve as a driver for the adoption of renewable energy by Brazilian consumers and companies.

The question remains: will Brazil be able to reverse this trend of foreign dominance and establish itself as a leader in solar energy production? The answer depends on a variety of factors, including government policies, technological advancements, and changes in consumer behavior.

What do you think about this Chinese “invasion” in Brazil? Good or bad for our country? Leave your comment!

34 Comments

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Brandão, T. F.

#32056

03/08/2024 16:44

A WEG nunca vai conseguir competir com o sistema atual que não permite integradores vender seu produto. Estou no mercado a 5 anos e WEG nunca entrou em contato e nem responde aos e-mail. RESULTADO: Continue sem vender.

Respond

Was

#31951

03/08/2024 12:21

Taxad, ta jeito que vc gosta.. Brasil infelizmente só vai ficando cada vez mais atrasado no cenário mundial, com essa insistencia de carga tributaria alta.

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paulo

#31777

03/08/2024 02:59

a concorrência chinesa entre si é enorme e com isso fará cair o preço drasticamente de painéis solares o que com certeza reduzirá a qualidade dos painéis e isso impactara o consumidor pois ao invés desses painéis durarem 25 anos como previsto os mesmos durarão bem menos aumentando o custo final em relação ao tempo de duração.

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China Dominates 90% of Brazil’s Solar Energy Market; Brazilian Giant WEG Has Only 1% Market Share

When It Comes to Solar Energy in Brazil, It Is Inevitable to Think About the Overwhelming Domination of a Specific Group. But Who Could Imagine That This Hegemony Would Be Nearly Exclusively China?

How to Compete with China

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China Dominates 90% of Brazil’s Solar Energy Market; Brazilian Giant WEG Has Only 1% Market Share

When It Comes to Solar Energy in Brazil, It Is Inevitable to Think About the Overwhelming Domination of a Specific Group. But Who Could Imagine That This Hegemony Would Be Nearly Exclusively China?

How to Compete with China

Libya built over 4,000 kilometers of underground pipelines to bring water from the Sahara to coastal cities in a project that the government itself called the Eighth Wonder of the World.

Desert sand, previously discarded for being too smooth for concrete, becomes an ecological brick in the United Arab Emirates, dispensing with Portland cement, curing at room temperature, and attempting to transform dunes useless for construction into raw material for a new arid engineering.

He transformed an abandoned plastic water tank into an underground house in the “hobbit hole” style, using only repurposed pallet wood, without heavy machinery or expensive labor.

China transforms desert-devastated area into the world’s largest artificial forest, planting trees for 60 years, blocking sand that reached Beijing, and creating a “green lung” of 92,000 hectares in a region once considered lost.

Toyota launches “family hybrid van” with 7 or 8 seats, 1.8 hybrid engine, fuel consumption of up to 23.8 km/l, and a price equivalent to about R$ 104,000 without taxes, below the Tiggo 8 Pro Plug-in Hybrid sold in Brazil: meet the Noah Hybrid 2026 in Japan.

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Brazil is sitting on one of the largest lithium reserves in the world, in the Jequitinhonha Valley, but national mining has almost become an appendage of China: 97% of the metal’s export goes to a single country, which also dominates refining.

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