Solar panel imports have already exceeded 53% of the tax-exempt quota

Brazil imported 16.72 GW of solar panels from China from January to September, according to a report by InfoLink Consulting. In the second half of the year alone, the country accumulated US$535 million in photovoltaic equipment purchases, which corresponds to 53% of the tax-free import quota for the period from July 2024 to June 2025 (US$1.01 billion).

Brazil recorded 1.66 GW in imports in September, a 9% increase compared to August. This volume still represents 62% of all American solar panel imports. Brazil is the second-largest destination for Chinese photovoltaic modules, behind the Netherlands, the main gateway to the European Union market.

The assessment is that, with limited local manufacturing, import tariffs will likely have little impact on the purchase of Chinese solar panels in the short term. The report also highlighted that rising electricity costs in the country due to water shortages and reduced levels in hydroelectric reservoirs could drive interest in solar energy installations.

China Accumulates 186 GW in Exports

According to the study, China saw a 16% year-on-year decrease in solar panel exports in September, with 16.53 GW shipped. However, for the year-to-date, exports grew by 18% compared to the same period last year, reaching 186.77 GW.

Up until September, the main markets for Chinese solar equipment were the Netherlands, Brazil, Saudi Arabia, India, and Spain. Europe and the Asia-Pacific region saw the most significant monthly declines, while the Americas experienced slight increases, and the Middle East and Africa saw minor reductions.

In Europe, an excess of solar energy generated during the summer led to an imbalance between supply and demand, impacting short-term profitability for solar plants. Additionally, installations slowed during the holiday period. Germany is facing a two-year economic recession, while France is encountering political difficulties in introducing policies to incentivize the sector.

InfoLink expects a recovery in demand across Europe in 2025, with the development of delayed projects in Spain and growth in emerging markets in Eastern Europe.

In Asia, performance was affected by delays in the largest market, India, due to port congestion and a lack of available space, which increased delivery times for solar panels.

Source: Portal Solar

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