Solar energy is now more expensive than gas in Brazil, the country’s biggest wind power producer, according to a report from Renewable Energy Federation Brazil.
The renewable energy company SolarWorld said the data showed that the price of the solar energy in Brazil was between $1 and $2 a kilowatt-hour, a 40% increase over the same period last year.
However, the company said the price is still cheaper than that in China, which is now selling the same amount of power at $1.50 a kilovolt.
Renewable power companies in Brazil say solar power is becoming cheaper than the price in China as they increase the size of their grids, and that the country is one of the fastest growing solar energy markets in the world.
The company’s president, Rafael Maira, said that renewable energy companies are now able to sell more power to customers at less cost than in China.
The data, which came out on Monday, comes at a time when Brazil’s solar industry is experiencing an economic boom.
It is currently estimated that Brazil’s economy is expected to grow by 3.5% in 2020, according the National Oil and Gas Agency.
However that could be affected by a drop in the price for renewable energy, which could cause the economy to shrink, according Mairas statistics.
Renewables can also increase the amount of electricity that can be sold to customers, and in Brazil this has increased the amount sold by 70% since 2010.