Connect with us

Hi, what are you looking for?

CleanTechnica

Clean Power

BYD To Begin Solar PV Module Production In Brazil

Chinese industrial group BYD will initiate production of solar PV modules in Brazil next year.

BYD has secured supply contracts from project developers of large-scale solar power projects and will start production from the middle of next year. The company will invest $50 million in setting up the manufacturing facility. The investment is part of the larger plan by BYD to manufacture electric buses and battery packs for which an additional $63 million will be invested.

The company has so far received supply orders for 400 MW of modules. Of this, 390 MW will be supplied to utility-scale solar power projects, while the balance will be used for rooftop solar power projects.

The modules manufactured will be used in the solar power projects allocated under the solar power auctions organised by the Brazilian government. Some of the projects are believed to be obligated to use domestically manufactured solar PV modules.

In October 2014, the National Electric Energy Agency organised the country’s first solar-only auction, which received an overwhelming response from the developers. Prospective developers placed bids for 400 projects, with a total generation capacity of about 10 GW. A total of 31 solar power parks were finally auctioned to developers, representing 1,048 MW capacity. The power generated from the projects is expected to be sold through 20-year power purchase agreements, with implementation of all the 31 solar power parks requiring a cumulative investment of $1.66 billion from the companies.

Other solar module manufacturers are also planning to make significant investments in the Brazilian market, with SunEdison announcing that it will seek $30 million financing to set up solar module and tracker manufacturing unit.

 
Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
 
 

Advertisement
 
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Written By

Smiti works as a senior solar engineer at a reputed engineering and management consultancy. She has conducted due diligence of several solar PV projects in India and Southeast Asia. She has keen interest in renewable energy, green buildings, environmental sustainability, and biofuels. She currently resides in New Delhi, India.

Comments

You May Also Like

Cars

Global plugin vehicle registrations were up 114% in August 2021 compared to August 2020, scoring 516,000 units (or 7.7% share of the overall auto...

Clean Transport

As African countries join the electric vehicle revolution, fleet operators and mass transit services represent some of the low-hanging fruit. These are key segments...

Cars

Plugin vehicles are all the rage in China, having scored 286,000 registrations in August, a full 22% increase over the previous record, which was...

Clean Transport

The public transportation agencies for London and Mumbai will greatly increase the number of zero emissions buses in their fleets.

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.