Brazil Rooftop Solar Power Seen Reaching 1,400 Megawatts by 2022

Brazil expects to have 1,400 megawatts of solar panels producing power on buildings by 2022, up from about 11 megawatts this year, as equipment costs fall.

The forecast may be included in the country’s next energy plan, which the Ministry of Mines and Energy is drafting now, Mauricio Tolmasquim, president of the government energy-research agency Empresa de Pesquisa Energetica, said today at a conference in Sao Paulo.

The price of solar panels has fallen to 83 cents a watt from about $4 dollars in 2008 and may reach 52 cents by 2020, Jenny Chase, head solar analyst with Bloomberg New Energy Finance, said today in an e-mail.

“Photovoltaic panels have been getting cheaper and cheaper year after year,” Tolmasquim said. “We’re not discounting the possibility” that installations will be higher than the forecast.

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