Brazilian solar installation company & PV project developer Brasil Solair has plans to set up shop domestically in order to take advantage of the market expected to grow thanks to a government incentive for Brazilian-made solar panels. Until now, the company has been using foreign-made panels.
With concerns over the use of non-renewable energy sources on the increase, Brazil has decided to give incentives to home owners to change from non-renewable to renewable energy sources, with a specific focus on solar PV. In respect to this initiative, homeowners whose systems are made up of at least 60% domestic components will benefit from a generous government subsidy.
With this move, it seems clear that Brasil Solair believes the demand for domestic solar installation components will increase. The company will invest the equivalent of USD$4 million into a new solar panel factory to ensure it is able to meet demand. This will be the second solar factory in the country after the Tecnometal Equipmentos Ltd. which began production in 2011.
This panels produced at Brasil Solair’s planned planed will offer another option to homeowners who wish to go solar, making it easier for them to find the necessary local components to meet the subsidy requirements. The plant in the North-eastern city of Joao Pessoa is projected to produce an average of 300,000 solar panels annually.
Top image via Brasil Solair.
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