BNEF: Slide in China, Brazil and India drags global annual clean energy investment volumes from US$169bn to US$133bn, while coal power generation soars to new heights.
‘Solar Module Super League’ (SMSL) member, Canadian Solar is targeting to achieve over 15GW of PV module manufacturing capacity in 2020, while relying on China-based merchant solar cell producers.
Two-sided panels and support to distributors will help keep up with low-priced rivals and hit 500MW-600MW in module sales to Brazil next year, A-rated firm tells PV Tech at meeting in China.
Solar players reap combined 530MW in contracts of 2.9GW awarded to wind, hydro and thermal plants, with average PV prices the lowest at around US$20.5/MWh.
The French firm sees huge potential for more floating PV in Brazil, which boasts substantial hydroelectric infrastructure and generates 64% of its electricity from hydro power.
US$320 million project is unveiled as Brazil prepares for energy auction on October 18, set to jettison the Latin American state's PV capacity to new heights.
PV bids for 20-year supply deals at A-6 auction of 18 October will start at BRL209/MWh, opening up new avenue of government support for blossoming Brazilian PV scene.
Top markets Brazil and Mexico hold risks but also rewards if firms can look beyond headlines of political volatility, say local developers, lawyers and lobbyists approached for an upcoming PV Tech Power feature.
