The market for generation centered on solar energy is increasingly expanding in Brazil and the company Greener announced that the country is close to reaching the target of 45 GW of installed capacity in projects throughout the national territory.

Last Friday (22/04), the company Greener, one of the largest renewable energy consultants in Brazil, announced that the country is on track to reach the mark of 45 GW of installed capacity in projects in the market for generation centered on solar energy. And that this is the new goal of many companies and entrepreneurs for the national territory. 

Mark of 45 GW of installed capacity in generation projects centered on solar energy will be essential for the renewable market in Brazil, reveals the company Greener

A recent study by the giant consultancy focused on the renewable energy segment, Greener, proved that the market for distributed generation of solar energy in Brazil has been growing more and more over the last few years and that the country is on its way to reaching the incredible mark of 45 GW in installed capacity, a number not seen before within the national territory and which could open doors for many investments in this segment. 

The study was based on an analysis of the market panorama for large scale solar energy projects and ventures in the free and regulated contracting environments, also creating references for current and future projects according to market dynamics. In addition, it also served to show the growth of the photovoltaic sector in Brazil in recent years and how it can be important for an even greater socioeconomic development of the country, if it receives the necessary investments to make it happen. 

Thus, the Greener document revealed that the country currently has 43,7 GW of installed capacity in solar energy projects, both in the ACL (Free Contracting Environment) and in the ACR (Regulated Contracting Environment). In addition, the data show that, of all the projects that are included in the survey, around 4,8 GW are already in operation, while 3,9 GW are under construction and another 35 GW have not yet started construction, thus contributing to the arrival of the 45 GW mark even faster than the consultancy is expecting for the country. 

Installed solar energy capacity in projects in the centralized generation market is expected to expand by up to 27 GW over the next 10 years 

Greener invested in a quality team to carry out the research and studies in its recent report on solar energy in Brazil and, according to the document, in the next 10 years, an increase of more than 27 GWm is expected in the country in relation to the previous reference scenario, thus representing an increase of 38% in compared to 2021, which was already seen as a year of great results for the renewables segment in Brazil. 

In addition, Greener also commented that new ventures within the centralized generation market are getting bigger and highlighted: "The efficiency gain with the increase in scale has encouraged entrepreneurs to develop larger projects, which optimizes investment and operating costs".

Finally, Greener's research also found that more than half of solar energy projects in Brazil were financed by BNB (Banco do Nordeste) and that the total number of new module supply contracts mapped was 4,3 GWp, an expansion of 17% compared to the previous year. In this way, the company was able to prove the relevance of the solar energy sector and the importance of new investments for this segment to grow even more in the country.