Brazil Solar PV Market Will Grow Explosively

(China Glass Network) Intelligent supplier GBI Research Company recently released a new research; the capacity of Brazil’s renewable energy will increase from 13260MW to 38015MW from 2012 to 2020, with compound annual growth rate 14%.

GBI predicated that the Brazil solar PV market will grow explosively, and average annual growth rate will reach 59%. In the next 8years, the capacity of PV industry will rapidly grow from 31MV to 1276 MV. Meanwhile, the total installed capacity of wind power will increase from the present 2769 MV to 19420 on 2020.