Solar Power Equipment Prices Drop, Doubling Generation Capacity

Written by Roberta Souza

Published on 20/01/2021 at 19:16

Energia solar

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With BRL 13 Billion Invested, Solar Power Generation Doubled The Country’s Installed Capacity in 2020 and Is Expected to Repeat the Feat in the Renewable Sector

With an investment of BRL 13 billion, the solar energy sector in Brazil doubled the country’s installed capacity in 2020 due to declining equipment prices, which is expected to happen again in 2021. According to experts, the main reason for this is the reduction in equipment prices, attracting more companies and consumers to enter this renewable energy market. Brazil has one of the best solar irradiations in the world.

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According to Absolar – Brazilian Association of Solar Energy, by 2020, installed capacity jumped from 4.6 GW to 7.5 GW, driven solely by the growth of 2.2 GW from what’s known as distributed generation, such as installation on rooftops, building facades, and small plots of land. This energy is enough to light up 3.7 million families. The forecast is that this year it will reach 12.6 GW, driven by self-generation.

Cost of Energy Generation:

Since its first commercialization in the country in 2012, the price of solar energy equipment has been reduced by 80%, from US$ 100 per MWh to approximately US$ 20. The price is lower than the cost of all other sources, except wind energy.

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Solar Power Equipment Prices Drop, Doubling Generation Capacity

With BRL 13 Billion Invested, Solar Power Generation Doubled The Country’s Installed Capacity in 2020 and Is Expected to Repeat the Feat in the Renewable Sector

Check Out Other News of The Day:

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With BRL 13 Billion Invested, Solar Power Generation Doubled The Country’s Installed Capacity in 2020 and Is Expected to Repeat the Feat in the Renewable Sector

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