Absolar partners with Apex-Brazil to attract ‘critical’ foreign investment in solar

Facebook
Twitter
LinkedIn
Reddit
Email

The Brazilian Association of Photovoltaic Solar Energy (Absolar) has signed an agreement with the Brazilian Agency for Export and Investment Promotion (Apex-Brazil) to partner on attracting more foreign investment into the domestic solar industry.

Rodrigo Sauaia, Absolar executive director, told PV Tech that the partnership is a way for the Brazilian PV sector to increase its presence nationally and to present investment opportunities to major international investors.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

He said it will also give more visibility to opportunities available in the Brazilian PV market for manufacturers, project developers, international financing institutions, multinational banks and development banks among others.

Sauaia added: “We are in the first phase of establishment of this sector in the country, so our collaboration is much more focused on attracting investment than in exports. The sector is too young to think about exports at the moment.”

He said the development of the sector will be focused on local markets with local demand created by both large-scale PV auctions with large-scale PV projects and also small-scale distributed generation coming from net-metering systems. He also cited self-consumption and, in a few cases, selling electricity to the free market as possibilities.

The new partnership also aims to gather data to generate strategic information for the sector and investors.

Sauaia said: “The Brazilian PV sector has an opportunity now to scale up in a similar as seen by the wind sector, which is internationally known as a success story and our expectation is that the Brazilian PV sector can follow this trend and for that you will definitely need the involvement of both national and international investors.”

David Barioni Neto, president of Apex-Brazil, said: “The partnership is important because we need the private sector to develop in Brazil. The country needs to become increasingly attractive. Foreign direct investment is critical […] to develop the chain of solar energy and to diversify energy sources.”

The two organisations have already partnered at solar industry event Intersolar Europe held in Germany in June.

Brazil’s energy regulator National Electric Energy Agency (ANEEL) this week set a cap price of BRL349 (US$104)/MWh for its solar-only auction to be held on 28 August, a move which was “well-received” by the industry.

Meanwhile, the Brazilian Government's Energy Research Agency (EPE) has registered 649 solar projects totalling 20.9GW capacity for its second Reserve Energy Auction, which scheduled for 13 November this year.

Read Next

September 18, 2025
CERC is finalising guidelines for virtual power purchase agreements (vPPAs) to unlock financing for over 40GW of uncontracted renewable capacity.
September 18, 2025
The capacity of virtual power plants in operation in North America has reached 37.5GW, a 13.7% year-on-year growth, according to Wood Mackenzie.
September 18, 2025
The Canadian Renewable Energy Association (CanREA) has forecast that Canada will add between 17GW and 26GW of solar PV over the next decade.
September 18, 2025
Researchers have called for enhanced international standards to detect ultraviolet-induced degradation (UVID) in PV modules after identifying “severe” levels of the problem in operational n-type panels.             
September 18, 2025
Indian PV makers have welcomed the government’s plan to add solar wafers to its ALMM List-III from June 2028.
September 17, 2025
US renewables developer Longroad Energy has reached financial close for its 400MW 1000 Mile solar project in the US state of Texas.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines
Solar Media Events
October 7, 2025
San Francisco Bay Area, USA