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Solar Energy Develops 1 GW Per Month and Could Reach Double the Installed Capacity of Itaipu in 2023, According to Data from Absolar

Written by Roberta Souza

Published on 08/08/2022 at 10:08

Renewable Energy, Solar Energy

Foto: reprodução www.pexels.com

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According to Absolar, the installed capacity of solar energy plants exceeded 17 GW, potentially surpassing the Itaipu plant

Since February, the installed capacity of solar energy has been increasing, reaching 1 GW per month in Brazil. In July, the source surpassed the mark of 17 GW, which is approximately 8.4% of the Brazilian electricity matrix. Today, solar energy generation is the third largest, trailing only hydropower and wind energy, and could surpass the production of the Itaipu plant. The information was provided by the Brazilian Photovoltaic Solar Energy Association (Absolar).

If the increase continues at this pace, solar energy production will reach double the capacity of the largest national hydropower plant, Itaipu, which generates 14 GW, in February 2023, according to Absolar.

This number of solar energy production, potentially surpassing the Itaipu plant, is significantly important for this type of energy generation which, five years ago, had a negligible impact on the Brazilian energy matrix.

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Growth of Solar Energy

The numbers released by Absolar demonstrate the resilience of solar energy, second only to the Itaipu plant. According to Absolar, the solar source has brought 90.5 billion reais in investments to Brazil, 24.6 billion in revenue to public coffers, and generated over 514,000 jobs in the last 10 years. This form of energy has also eliminated the emission of 25.5 million tons of carbon.

Investments in Solar Energy Can Be a Good Alternative for Investors

According to an article published in EXAME, Ramon Nuche, director of AE Solar, a German manufacturer of photovoltaic panels, stated that now is the time to invest in this type of energy generation.

“The solar energy sector is expecting exponential growth this year in Brazil, especially in solar self-generation systems, due to the increase in electricity tariffs and the implementation of Law No. 14,300/2022, which established the legal framework for self-generation of energy,” said Nuche.

In 2021, Brazil was the fourth country with the highest growth in solar energy and is now in 13th place among the largest energy generators. According to the “Global Market Outlook for Solar Power 2022-2026,” the leading report in the global photovoltaic solar sector, Brazil, the leading solar market in Latin America, could become one of the major global solar energy markets in the coming years, potentially reaching 54 gigawatts (GW) of total solar capacity by 2026 and could also match the production of Itaipu, according to Absolar.

Solar Energy Develops 1 GW Per Month and Could Reach Double the Installed Capacity of Itaipu in 2023, According to Data from Absolar

According to Absolar, the installed capacity of solar energy plants exceeded 17 GW, potentially surpassing the Itaipu plant

Growth of Solar Energy

Investments in Solar Energy Can Be a Good Alternative for Investors

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Solar Energy Develops 1 GW Per Month and Could Reach Double the Installed Capacity of Itaipu in 2023, According to Data from Absolar

According to Absolar, the installed capacity of solar energy plants exceeded 17 GW, potentially surpassing the Itaipu plant

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