PV module imports fell by 1% 12 months on 12 months in Brazil in 2023, in response to a brand new report from photo voltaic consultancy Greener.

Module imports accelerated within the second half of 2023, with 9.3 GW imported, after importers mentioned they’d excessive inventories all through the primary half when 8.2 GW have been imported. The continual decline in module costs all year long was additionally a driver for imports, mentioned Greener.

Within the final three months of the 12 months alone, 5 GW of imported modules have been introduced into Brazil – the most important quantity ever recorded in a single quarter.

Greener mentioned China exported roughly 4 GW to Brazil in November and December. Nevertheless, a few of these tools has not arrived within the nation and ought to be mirrored in volumes for the primary quarter of 2024.

The share of distributed era, which in Brazil consists of all PV techniques as much as 5 MW in measurement, decreased from 75% of the annual imported quantity in 2022 to 65% in 2023.

Of the 17.5 GW imported in 2023, 11.4 GW have been imported to serve the distributed-generation market, down 2 GW from 2022. This decline within the distributed-generation market was mitigated by development in demand for utility-scale tasks, which is anticipated to proceed to rise this 12 months.