More Than 140,000 New Jobs Will Be Created in the Solar Energy Industry This Year

Absolar Ensured That The Solar Energy Industry Will Generate New Jobs And Income Throughout The Country

The Brazilian Association of Photovoltaic Solar Energy (Absolar) reported that approximately 147,000 new jobs will be created in Brazilian territory. The solar energy industry aims to add over 4.9 gigawatts (GW) of installed capacity. Along with large-scale plants and distributed systems on rooftops, facades, and land across the country, this represents a significant growth of about 68% over the currently installed capacity, which is only 7.5 GW.

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Investment Of Billions Could Generate Millions Of Jobs

Investment in the solar industry is estimated at over R$ 22.6 billion in the year 2021, with distributed generation accounting for R$ 17.2 billion.

The company expects that the solar photovoltaic sector in Brazil will be responsible for a net increase of more than R$ 6.7 billion in revenue for the Federal Government and State Governments, including municipal administrations. This will positively contribute to the growth and strengthening of public budgets, as well as improving the provision of services for the Brazilian people.

Solar Energy Can Boost The Economy

According to Ronaldo Koloszuk, president of the Board of Directors of Absolar, solar energy is a strategy aimed at boosting the country’s sustainable economic recovery, strengthening Brazil’s competitiveness and sustainability. Koloszuk also stated:

“Solar photovoltaic energy reduces the cost of electricity for the population, increases the competitiveness of companies, and alleviates the public budget, benefiting small, medium, and large consumers in the country”

The estimated value for investment in the solar energy industry, besides generating jobs and income for the country, also accounts for the savings that consumers will have on their energy bills, receiving a considerable discount, thus demonstrating that the economic benefit of the sector is favorable for both the public power and the Brazilian population.