January 23 (Renewables Now) - Chinese company JinkoSolar Holding Co Ltd (NYSE:JKS) expects to sell up to 1 GW of solar panels in Brazil in 2020, the company's head of sales in Brazil, Gustavo Tegon, said on Tuesday.
The company is targeting 100 MW in this quarter alone, the executive said during a conference call about the partnership with local equipment distributor Aldo Solar, Reuters reported on Tuesday. Aldo said earlier this week it has started selling in Brazil 400-W photovoltaic (PV) modules by Jinko, which are especially suitable for distributed generation (DG) projects.
Tegon, cited by Reuters, said he believes the partnership will allow JinkoSolar to increase its participation in the Brazilian solar DG market from a current 12% share.
For Aldo Pereira Teixeira, founder and CEO of Aldo Solar, the agreement with the Chinese company will allwo the firm to meet equipment demand from the growing solar DG market, which Teixeira says may reach 4 GW of cumulative capacity in 2020.
According to Reuters, Brazil had 1.3 GW of new solar DG capacity added to its grid in 2019.
Recently, the country's solar sector has been on the news as President Jair Bolsonaro and his allies have been vocal about opposing power sector regulator Aneel's proposed taxation on solar power generation.