After high growth in 2022, imports of photovoltaic modules in Brazil slowed down in 2023, according to a study by Greener.
The sale of **solar panels** in 2023 reached 17,5 GW, showing a slight drop of 1,7% compared to the previous year, according to Greener survey.
According to the consultancy, after a heated 2022, with a 70% increase in purchases of **solar panels** produced abroad, the 2023 numbers signal a stabilization in the photovoltaic solar energy market.
The data also reveals an increase in the last quarter of 2023, when imports exceeded 5 GW – the highest quarterly volume in the historical series.
Import of Solar Panels from Brazil from China
In the months of November and December alone, Brazil imported almost 4 GW of solar panels from China. Part of this equipment, however, has not yet arrived in Brazil and should be reflected in the nationalized volume in the first quarter of 2024.
Share of Distributed Generation (DG) in the Annual Imported Volume
Overall, there was a drop of 10 percentage points (pp) in the share of distributed generation (DG) in the annual volume of imported photovoltaic panels. In 2022, own energy generation represented 75% of market share. In 2023, it dropped to 65%.
Retail Sales and Difficulties in the Photovoltaic Solar Energy Market
According to the survey, retail sales (small residential and commercial installations) fell 60% in the 1st half of 2023 compared to the same period of the previous year, driven, among other factors, by macroeconomic aspects such as difficulties in accessing credit and interest rates. high interest rates.
Destination of Imported Solar Panels
Of the 17,5 GW that entered the country, 11,4 GW was intended to serve the distributed generation of photovoltaic panels — 2 GW less than in 2022 —, with remote shared generation helping to keep the market buoyant.
Expansion of Centralized Generation Projects
Centralized solar panel generation projects received a boost last year, to meet PPAs and self-production contracts signed between 2020 and 2022.
Growth of Enterprises in Photovoltaic Solar Energy
Greener's study estimates 4,2 GW of projects in operation and/or under construction of photovoltaic panels, indicating progress compared to 2,3 GW in 2022.
This text was generated from original content about the solar panel market, presenting data on equipment imports, the share of distributed generation, retail sales and the growth of the photovoltaic solar energy market.
Source: EPBR
