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R$ 86.2 Billion Generated in Investments by Solar Energy, Which Also Set Generation Record in Brazil

Written by Roberta Souza

Published on 17/06/2022 at 13:39

Renewable Energy, Solar Energy

Imagem de Atimedia / Fonte: Pixabay

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Solar Energy in Brazil Has Already Exceeded the Installed Capacity of Oil Thermal Plants and Is Approaching Biomass Power Plants

Exactly sixty days after reaching 15 gigawatts (GW), Brazil has just surpassed a new historical milestone, reaching 16 GW of installed capacity of solar photovoltaics, complementing large power plants and self-generation sets of electricity on roofs, facades, and small plots of land.

According to ABSOLAR, solar energy has already directed more than R$ 86.2 billion in new investments to Brazil, about R$ 22.8 billion in revenue to public coffers, and has created over 479.8 thousand jobs since 2012. Additionally, solar energy has also prevented the emission of 23.6 million tons of CO2 in electricity generation.

In the opinion of ABSOLAR CEO Rodrigo Sauaia, the rise of solar energy in the country, through large power plants and self-generation in homes, small businesses, rural properties, and public buildings, is essential for Brazil’s social, economic, and environmental development.

ARTICLE CONTINUES BELOW

Solar Energy Sector Awaits Exponential Growth in 2022

The solar energy niche expects accelerated growth this year in the solar systems operating in Brazil, especially in the self-generation solar energy systems.

The development of solar energy in 2022 is even more anticipated after Law No. 14.300/2022, which created the legal framework for self-generation, came into effect.

“It is the best time for individuals to invest in solar energy, precisely because of the transition period outlined in the law, which guarantees the current rules until 2045 for consumers who install a solar system on their roofs by January 2023,” declares the president of the Board of Directors of ABSOLAR, Ronaldo Koloszuk.

Brazil has approximately 5.1 GW of installed capacity in its large solar power plants, which equals 2.6% of the country’s electricity matrix. Since 2012, the largest solar plants have provided Brazil with over R$ 27.0 billion in new investments and more than 152 thousand jobs, as well as contributing R$ 8.4 billion to public coffers.

In the self-generating energy sector, there are over 10.9 GW of installed capacity from solar sources. This corresponds to more than R$ 59.2 billion in investments, R$ 14.4 billion in revenue, and over 327.8 thousand jobs created since 2012, spread across all five regions of Brazil. Solar technology is currently used in 98% of all self-generation electricity connections in the country, leading the segment.

Solar Source Ranks Fifth in Brazil’s Electricity Matrix

When adding up all installed capacities in large power plants and self-generation, the solar source ranks fifth in the electricity matrix of Brazil.

The solar source has indeed exceeded the installed capacity of oil thermal plants and other fossil fuels in the Brazilian electricity matrix and is rapidly approaching the total installed capacity of power plants that use biomass as the primary source.

According to Koloszuk, in addition to being accessible and highly competitive, the solar source can be installed quickly and helps reduce electricity costs, as it can lower expenses by up to 90% on electricity bills.

R$ 86.2 Billion Generated in Investments by Solar Energy, Which Also Set Generation Record in Brazil

Solar Energy in Brazil Has Already Exceeded the Installed Capacity of Oil Thermal Plants and Is Approaching Biomass Power Plants

Solar Energy Sector Awaits Exponential Growth in 2022

Solar Source Ranks Fifth in Brazil’s Electricity Matrix

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While Brazil has been discussing bullet trains for 16 years, China delivers 5 new high-speed lines in 2026, surpasses 50,000 km of HSR, and moves 1 billion passengers in a single year.

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While countries spend billions to draw water from the sea, a Nobel-winning scientist creates a container-sized machine that extracts up to 1,000 liters per day from dry air and uses ultrasound to release water in minutes, even in the middle of the desert.

Belgium will sink 23 giant concrete caissons, each weighing 22,000 tons, in the North Sea to build the world’s first artificial energy island 45 km off the coast, forming offshore electrical walls.

New microwave that can replace three appliances hits the market: Sharp launches 3-in-1 model that combines air fryer, convection oven, and heating in 0.9 cubic feet for small kitchens

Canadians are disappearing from the United States: The US feels the absence of Canada financially, while hotels, casinos, and tourist destinations try to attract visitors back with promotions.

It seems like science fiction, but it already exists: a Swedish electric boat uses a car battery, carbon fiber hull, and smart hydrofoils to fly over the water and travel 105 km in almost total silence.

Trump’s visit to China could reveal a future that scares workers: dark factories, robots working non-stop, and industrial jobs disappearing before the eyes of the United States.

A public school student single-handedly created a machine capable of treating water for up to 50 people using only solar energy. It was awarded third place at one of the most important science fairs in the world.

BRAM Offshore is hiring for officer, technician, analyst, and manager positions in RJ and Aracaju, offering benefits, CLT employment, a hybrid work model, and the opportunity to work for a company with over 70 specialized vessels in the Brazilian offshore oil and gas maritime sector.

R$ 86.2 Billion Generated in Investments by Solar Energy, Which Also Set Generation Record in Brazil

Solar Energy in Brazil Has Already Exceeded the Installed Capacity of Oil Thermal Plants and Is Approaching Biomass Power Plants

Solar Energy Sector Awaits Exponential Growth in 2022

Solar Source Ranks Fifth in Brazil’s Electricity Matrix

Seven world powers including the US, China, and Russia are spending €22 billion on a reactor in the south of France that aims to confine plasma at 150 million degrees Celsius, ten times the temperature of the Sun’s core, using a magnetic field capable of lifting an entire aircraft carrier.

Elon Musk’s internet comes to mobile: Starlink technology connects smartphones without an antenna via satellite, works even without carrier signal, already costs just US$10 extra in the US, and could arrive in Brazil as an included benefit.

While Brazil has been discussing bullet trains for 16 years, China delivers 5 new high-speed lines in 2026, surpasses 50,000 km of HSR, and moves 1 billion passengers in a single year.

With a wingspan of 152 meters, 76 tires, and a capacity to carry 1,270 tons, the Boeing Pelican was the giant “flying ship” that promised to cross oceans close to the water on an invisible air cushion beneath its wings.

While countries spend billions to draw water from the sea, a Nobel-winning scientist creates a container-sized machine that extracts up to 1,000 liters per day from dry air and uses ultrasound to release water in minutes, even in the middle of the desert.

Belgium will sink 23 giant concrete caissons, each weighing 22,000 tons, in the North Sea to build the world’s first artificial energy island 45 km off the coast, forming offshore electrical walls.

New microwave that can replace three appliances hits the market: Sharp launches 3-in-1 model that combines air fryer, convection oven, and heating in 0.9 cubic feet for small kitchens

While heat evaporates water from reservoirs and countries seek new areas for clean energy, Morocco is testing floating solar panels that function as an energy lid and also generate electricity.

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How much does it cost to install solar energy, produce your own energy for a year, and how long will the investment take to pay off?

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Canadians are disappearing from the United States: The US feels the absence of Canada financially, while hotels, casinos, and tourist destinations try to attract visitors back with promotions.

It seems like science fiction, but it already exists: a Swedish electric boat uses a car battery, carbon fiber hull, and smart hydrofoils to fly over the water and travel 105 km in almost total silence.

Trump’s visit to China could reveal a future that scares workers: dark factories, robots working non-stop, and industrial jobs disappearing before the eyes of the United States.

A public school student single-handedly created a machine capable of treating water for up to 50 people using only solar energy. It was awarded third place at one of the most important science fairs in the world.

BRAM Offshore is hiring for officer, technician, analyst, and manager positions in RJ and Aracaju, offering benefits, CLT employment, a hybrid work model, and the opportunity to work for a company with over 70 specialized vessels in the Brazilian offshore oil and gas maritime sector.