Photo voltaic financing was a key matter on the third and final day of the Intersolar South America commerce present in Sao Paulo, Brazil.
Brazil’s baseline rate of interest, the Selic, presently sits at 13,75%. The Central Financial institution of Brazil final been consecutively elevating the rate of interest since March 2021 to battle hovering inflation, which eased to 10.07% in July 2022. With excessive rates of interest, the Brazilian PV market is especially delicate to the capex of photo voltaic tasks. The levelized price of electrical energy (LCOE) nonetheless takes a backseat in driving buying choices.
The Brazilian federal authorities and a few states have arrange credit score traces with extra enticing rates of interest to incentivize the set up of photo voltaic methods. Non-public banks like Santander and Banco Votorantim have marked their presence at Intersolar South America, whereas Aldo Photo voltaic, Brazil’s greatest distributor, introduced a partnership with fintech Sol Agora, providing financing for each customers and integrators. Different financing traces, like Banco Votorantim’s Meu financiamento photo voltaic, had been additionally represented on the commerce present.
The Brazilian PV market is headed for extra development over the subsequent 5 years, however financing will play a key function in consolidating the market and specializing in high quality. Firms which have been available in the market for longer, with knowledge from installations courting again 5 to seven years, consider opex and LCOE will grow to be extra necessary resolution drivers.
The third and final day of Intersolar South America occasion was busy till the tip. In response to the organizers, Photo voltaic Promotion, the tradeshow had a document of round 44,000 guests, surpassing the 28,000 guests document of final yr’s version. The organizers put the variety of attendees on the primary day at round 13,000, and 18,000 on the second day. The present had greater than 400 exhibitors. Subsequent yr’s present will function an additional pavilion, bringing the full to 4.