Solar Energy Investments Set Records in Distributed Generation for 2020

Written by Valdemar Medeiros

Published on 11/01/2021 at 10:24

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Investments in Solar Energy in Diverse Brazilian Regions Contributed to the Record of Distributed Energy Generation

The Brazilian region has been recording constant records in the solar energy and distributed generation market, all because the production of wind energy has increased and hydropower plants are generating less energy due to a lower water index in reservoirs; the trend is that investments in solar energy will further increase this year, 2021.

Renewable Energy Becomes an Option Not Only for the Public but Also for Businesses

Investments in renewable energy systems are becoming an option for businesses and citizens, especially during the pandemic that the country and the world are going through.

In the midst of this economic crisis and reduction in income, the Brazilian population begins to find energy as an effective alternative for cost reduction and access to clean energy and investments in distributed generation.

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Public lighting, public authority, and public service represent 0.42% of photovoltaic systems. Even in the midst of the pandemic, the numbers from 2020 (121,000) already exceed the total number of installations made in 2019 (120,914). The deployment of new distributed generation systems in solar energy and new investments allow consumers to reduce their electricity bills, as they start to buy less energy from utilities and generate credits for energy produced and not consumed.

Record in Solar Energy Investments in 2020

In May 2020, investments in solar energy accounted for 1.6% of the Brazilian energy matrix, which means that 2.87 GW of installed capacity in the country comes from a clean, renewable, and sustainable energy source. The forecast is that Brazil will close 2020 with 174,000 grid-connected photovoltaic systems (0.21% of consumer units).

By 2024, experts estimate that the country will have more than 880,000 solar energy systems connected to the electricity distribution network.

Solar Energy Investments Set Records in Distributed Generation for 2020

Investments in Solar Energy in Diverse Brazilian Regions Contributed to the Record of Distributed Energy Generation

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Renewable Energy Becomes an Option Not Only for the Public but Also for Businesses

Record in Solar Energy Investments in 2020

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Solar Energy Investments Set Records in Distributed Generation for 2020

Investments in Solar Energy in Diverse Brazilian Regions Contributed to the Record of Distributed Energy Generation

Read Also

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Record in Solar Energy Investments in 2020

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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.

With an 88-meter wingspan, a capacity of 250 tons, six engines, and 32 wheels, the Ukrainian giant became the greatest symbol of extreme air transport and one of the most impressive machines in aviation history.

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