Brazil to become major global solar market by 2026, says SolarPower Europe

May 18 , 2022
Solar power generation has obvious economic advantages due to its lower cost than coal power generation. And to be a supplier of solar panel racking system, there are various solar panel brackets could be choose.

solar panel mounting system

More benefit let's refer the “Global Market Outlook for Solar Power 2022-26” report.

SolarPower Europe’s “Global Market Outlook for Solar Power 2022-26” report, launched in Munich during the Inter Solar event. The report states, Globally installed solar roof rack capacity has reached a record 167.8 GW in 2021, The cumulative installation exceeds 1TW, and Brazil has become a rising star in the international solar panel mounting system market.

This year’s report also features a special focus on the Latin American market, latin America is dominated by Brazil, Chile and Mexico, accounting for 90% of the market. Among them, the continuation of the distributed policy in Brazil will continue to drive the continued growth of the distributed market in 2022. And is set to become one of the top five global markets in the next five years, reaching 54 GW total solar capacity by 2026.

As of April 2022, the total installed solar in Brazil has exceeded 15GW, with more than 5 GW added in 2021 alone.

The distributed-generation installed system is 10GW, and large-scale solar PV power plants for 5 GW. While distributed-generation systems enjoy record growth in 2021, but that may well be surpassed in 2022.

Global warming is becoming  growing, and non-renewable Energy Sources is gradually exhausted. It has become a global consensus to establish an energy system dominated by renewable energy and achieve green and sustainable development.

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