Brazil Surpasses Two Million Installed Photovoltaic Systems and Reaches 8th Place in the World Ranking

Written by Valdemar Medeiros

Published on 28/06/2023 at 11:25

Updated on 28/06/2023 at 11:26

Foto: Getty Images/Reprodução

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The Brazilian Solar Energy Market Continues To Expand. The Country Has Now Surpassed The Mark Of 2 Million Photovoltaic Systems Installed And Reaches The 8th Position In The World Ranking.

In full expansion in Brazil, the solar energy market has surpassed the mark of two million photovoltaic systems installed on facades, roofs, and small plots of land. Thus, the segment reaches a mark of 22 thousand megawatts of installed capacity in homes, industries, commerce, public buildings, and rural properties, equivalent to just over 4% of the total capacity of the national generation park.

Brazil Receives R$ 111 Billion In Investments Since 2012

The cited numbers are part of a mapping released by the Brazilian Association of Photovoltaic Solar Energy (Absolar) this Tuesday (27). According to the organization, the growth of solar energy reinforces the energy transition process in the country. Since 2012, the sector has received investments of R$ 111 billion, according to Absolar.

The states that continue to lead in installed capacity are: Minas Gerais, Rio Grande do Sul, São Paulo, and Paraná. According to Ronaldo Koloszuk, president of the board of the entity, the pace of solar energy expansion could be even greater; however, it is delayed due to high interest rates.

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Solar Energy Sees 64% Growth Just In 2022

According to the entity, Brazil’s eighth place is due to the fact that 10 GW of capacity was installed just in the last year.

In 2022, the solar energy sector attracted more than R$ 45.7 billion in new investments, a 64% expansion compared to the investments made in the segment the previous year. When the accumulated installed capacity of solar technology between 2021 and 2022 is analyzed, the country climbed 5 positions in the world ranking, rising from 13th place in 2021 to 8th in 2022.

Solar energy became the second largest source in Brazil’s electric matrix in January of this year. Currently, it totals 26 GW in operation in the country, responsible for more than 783.7 thousand accumulated jobs since 2012. According to Koloszuk, in addition to being competitive and accessible, solar energy is quick to install and helps relieve consumers’ expenses, reducing their electricity costs by up to 90%.

Minas Gerais Is The State That Generates The Most Solar Energy In Brazil

According to data gathered by Aneel’s Generation Information System in March, Minas Gerais is the Brazilian state that generates the most solar energy in the country through photovoltaic systems.

The state ranks first in centralized generation, generating more than 2 GW of energy, and second in distributed generation, with over 2.46 GW, only behind the state of São Paulo.

For Túlio Fonseca, CEO of Energy Brasil, the largest solar energy franchisor in Brazil, several reasons explain the growing demand for solar energy in Minas, such as the decreasing costs of photovoltaic kits, increased demand due to law 14.300, more installment options, and rising energy tariffs in the region.

Brazil Surpasses Two Million Installed Photovoltaic Systems and Reaches 8th Place in the World Ranking

The Brazilian Solar Energy Market Continues To Expand. The Country Has Now Surpassed The Mark Of 2 Million Photovoltaic Systems Installed And Reaches The 8th Position In The World Ranking.

Brazil Receives R$ 111 Billion In Investments Since 2012

Solar Energy Sees 64% Growth Just In 2022

Minas Gerais Is The State That Generates The Most Solar Energy In Brazil

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Brazil Surpasses Two Million Installed Photovoltaic Systems and Reaches 8th Place in the World Ranking

The Brazilian Solar Energy Market Continues To Expand. The Country Has Now Surpassed The Mark Of 2 Million Photovoltaic Systems Installed And Reaches The 8th Position In The World Ranking.

Brazil Receives R$ 111 Billion In Investments Since 2012

Solar Energy Sees 64% Growth Just In 2022

Minas Gerais Is The State That Generates The Most Solar Energy In Brazil

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