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Chinese company becomes leader in solar panels in Brazil

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A Chinese company that arrived in Brazil in 2016 managed to become, in five years, the largest seller of photovoltaic panels for the solar power generation market in the country. Trina Solar imported to Brazil enough solar panels to generate about 1,500 megawatts at peak last year alone, according to data from consulting firm Greener.Trina was founded in China in 1997 and today supplies more than 100 countries with modules and other equipment for photovoltaic generation, as well as smart grid and power systems and a cloud power operating platform. The company has been listed on the Shanghai Stock Exchange since 2020, when it achieved global operating revenues of $4.5 billion.Brazil now accounts for almost 10% of the company’s sales worldwide, said Álvaro García-Maltrás, Trina’s vice president for Latin America and the Caribbean. "This is very significant, especially considering how fast we have grown in Brazil. It is very rewarding to see that when we arrived in the country, the market was relatively small, and now it is one of the main markets in the world," he said.Trina offers solutions for both centralized generation, which are the large power plants, and for distributed generation, which includes projects in which the consumer himself generates power through panels on the roof, for example. Mr. García-Maltrás says that operating on both fronts has contributed to the company’s rapid expansion in Brazil, because both segments have seen great growth in the country in recent years. Between 2016 and February 2022, the solar source went from 93 MW of installed power in Brazil to 13,520 MW, according to data from the Brazilian Photovoltaic Solar Energy Association (Absolar).For this year, the source is expected to see a new leap in Brazil, especially in the segment of distributed generation. New rules for projects in this segment were signed into law by President Jair Bolsonaro in January, with the forecast that the projects that request connection to the electrical system until the beginning of 2023 will remain exempt from paying grid usage fees. The scenario has generated a rush for new projects."The stable legal framework will allow the distributed generation segment in Brazil to grow even more. Last year, the growth was...

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