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Strategies & Market Trends : BYD Co. LTD (BYDDY, BYDDF)
BYDDY 12.29-2.5%Nov 4 3:59 PM EST

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From: Savant8/23/2019 7:16:53 PM
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BYD Reaches 1GWP of Total Solar Energy Installations in Brazil
Auto News - Published on Fri, 23 Aug 2019

Image Source: byd.com World's largest manufacturer of lithium batteries and 100% electric vehicles BYD has now installed 1 GWp solar panels in Brazil. BYD a global leader in new energies is immensely proud to have contributed significantly to the south American country reaching the overall mark of 3 GWp installed, according to projections of the Brazilian Association of Photovoltaic Solar Energy and data from Aneel.

In 2017, BYD opened its second Brazilian factory in the city of Campinas, exclusively to produce PV solar panels. Two years earlier, BYD also set up a electric bus production line in Campinas, and also began selling electric vehicles and forklifts. According to Aneel, there were 31,896 new connections of micro and mini generators in the Brazilian power network by the end of June 2019, compared to 35,139 systems installed throughout 2018. Considering installed capacity, the volume in the first half of 2019 was about of 361 Megawatts (MWp), which represents 91.85% of all installation in 2018 (393 MWp). These numbers confirm the growing size and importance of PV solar projects in Brazil.

Between 2017 and 2018, BYD provided its products exclusively to large centralized generation projects, with global customers such as the French Engie, the Norwegian Scatec and the US-listed AES. However, at the end of 2018, BYD began selling its PV modules through industry distributors targeting the distributed generation market. This cooperation was initially with ALDO Solar, and more recently included other industry leaders like Alsol, PHB, WEG, DEMAPE, HCC, Solbras, Handysolar, Engie, among others.

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