PV inverter supplier Fronius GmbH has opened a new subsidiary in Brazil by launching a new solar electronics division at its existing office in Diadema, in the heart of Sao Paulo.
The office is already home to the company's welding technology division which has been operating there for ten years and was joined in 2010 by the Fronius battery charging systems division. The office, which has more than 50 employees in the solar electronics division, will initially be involved with sales and technical support.
“In many locations, the political foundations are only now being laid, i.e. preparations for the PV connection to the public grid are in progress. High energy costs in conjunction with strong insolation provide the perfect conditions for the development of a number of extremely interesting PV markets over the coming years. This encouraged Fronius to establish a subsidiary in Brazil so that it could position itself as a quality leader in the country and implement photovoltaics as standard”, said Roman Huemer, General Manager of Fronius Brazil.
More than 2GW of large-scale projects have already been proposed in the country. GTM Research states that Brazil’s electricity regulator introduced new net-metering legislation early last year to jump-start its distributed generation market.
In addition, many sub-1MW projects have been announced to prepare for the upcoming 2014 World Cup and 2016 Olympics.