Portuguese 
English 
Spanish 
5 min of reading 
0 comments 
Solar Panel Installation Records 11% Decrease in Cost in the Third Quarter, Making Solar Energy More Accessible. Major Companies Invest in Sustainable Energy. Equatorial, EDP, and Engie Make Moves in the Electricity Sector. ONS on Fuels Will Not Affect Prices, Says ICL.
The cost of solar panel installation has decreased by 11% in the third quarter, a result of the drop in the value of the dollar and international freight costs. This reduction represents a significant advance for the solar energy industry, making the adoption of this energy source more accessible and attractive for consumers and companies.
In other relevant news, Acelen plans to construct a photovoltaic solar plant of 161 MWp to supply the Mataripe refinery, located in Bahia. This project demonstrates the growing interest of large companies in investing in sustainable energy sources, helping to reduce dependence on fossil fuels and minimize environmental impacts.
In the realm of mergers and acquisitions in the electricity sector, Equatorial and EDP announced the sale of transmission lines, while Engie acquired solar parks. These moves reflect the dynamism and innovation of the energy market, driving the development of infrastructure for the generation and distribution of clean and renewable energy.
-
Canadian engineers want to compress air in underground caverns and build plants of up to 500 MW that function as giant lungs to store renewable energy for hours and stabilize entire electrical grids.
-
British engineers cool air until it turns into liquid, store energy for weeks, and create an “invisible battery” capable of sustaining the power grid when the wind stops and the sun disappears.
-
How IBM and UNDP are using AI to map those who still live without renewable energy and accelerate solutions that promise to transform local economies and reduce deep inequalities.
-
India takes the 3rd position globally in installed renewable energy capacity and accelerates the energy transition at an unexpected pace, reducing costs, attracting foreign capital, and consolidating its global energy leadership.
ONS on Fuels Will Not Affect Prices, Says ICL
After a meeting at the Ministry of Mines and Energy, the general director of the Institute of Liquid Fuels (ICL) stated that the National System Operator (ONS) for fuels will not interfere in prices. This measure aims to maintain stability and balance in the country’s fuel market, ensuring transparency and fairness for consumers and companies in the sector.
In another scenario, the oil market has retreated due to the strengthening of the dollar and U.S. interest rates. This situation directly impacts fuel prices, influencing the market as a whole.
Finally, Petrobras announced a 2.1% reduction in the average price of aviation kerosene for November. The aviation fuel has accumulated a 14.5% decrease over the year, reflecting the fluctuations and adjustments in the energy market.
For those interested in investing in solar energy, the average price for the installation of solar panels in residences in Brazil was R$ 3.17 per watt-peak (Wp) in the third quarter of 2023, representing an 11% decrease compared to the previous quarter, according to data collected by Solfácil. This cost reduction may encourage more consumers to adopt solar energy as an alternative energy source in their homes.
According to the survey, the decrease in prices of solar panels was influenced by the drop of the dollar against the real and the lower costs of international transportation, which affected the transport of these panels. The Southeast region showed the largest reduction, with 13% during the analyzed period. The most affordable projects in this region were identified in Espírito Santo, with a cost of R$ 2.90 per Wp. Acre recorded the lowest average cost of R$ 2.89 per Wp.
Acelen plans to implement a photovoltaic solar plant of 161 MWp in the municipality of João Dourado, Bahia, by 2025. This project will be developed in partnership with the investment fund Perfin and the company Illian, part of the Electra Group, and will be linked to the Mataripe Refinery. The company has also signed a long-term contract to acquire incentivized energy in the form of self-production, including carbon credits resulting from the operation of the solar plant.
Petrobras plans to install a solar plant with a capacity of 11 MW at the Gabriel Passos Refinery, located in Betim, Minas Gerais. This initiative is part of the company’s efforts to diversify its energy sources and seek more sustainable alternatives to meet its electricity needs.
Sale of Integração Transmissora de Energia S.A. to the Canadian Fund CDPQ
Equatorial announced the sale of Integração Transmissora de Energia S.A. (Intesa) for R$ 396 million to the Canadian fund CDPQ, totaling an agreement of R$ 714 million, including the company’s debt. Intesa is responsible for 695 kilometers of transmission lines in the states of Tocantins and Goiás, contributing to the expansion of the electricity sector in Brazil.
EDP sold two transmission lines for R$ 2.7 billion to Edify Empreendimentos, a fund controlled by Actis, as part of its asset rotation strategy. The company remains interested in participating in upcoming sector auctions. Meanwhile, Engie Brazil Energy acquired five solar parks from Atlas Brasil Energia Holding in a transaction valued at R$ 3.24 billion. The acquired assets are located in Bahia, Ceará, and Minas Gerais, totaling a capacity of 545 MW.
After the meeting at MME, the president of the Legal Fuel Institute (ICL), Emerson Kapaz, clarified that the creation of the National System Operator for Fuel Distribution will not impact price control.
Kapaz emphasized that there were concerns about possible interventions in fuel prices, as it involves a free market. However, it became clear that this is not the MME’s objective, as stated in a note.
The proposal to create a new entity will be included in a bill, according to a statement made by Alexandre Silveira recently. The goal is to implement a monitoring system to combat tax fraud and adulteration, as advocated by the ICL.
Price of Oil Brent Falls Due to the Strengthening of the Dollar and Decision of the Federal Reserve
The prices of Brent oil fell after the strengthening of the dollar and the maintenance of the basic interest rate by the Federal Reserve (Fed). The price closed down approximately 1%, reaching US$ 84.63, and is trading above US$ 85 this Thursday (2).
In the third quarter of 2023, Shell achieved an adjusted profit of US$ 6.22 billion, representing a 23% increase compared to the previous quarter. Additionally, the company plans a share buyback program worth US$ 3.5 billion after the close of the fourth quarter, according to Dow Jones.
In September, Brazil reached a record production of oil and gas, achieving 4.666 million barrels of oil equivalent per day (boe/d), according to a report by ANP. This figure represents a 6% increase compared to August. Check out the 10 oil platforms with the highest production in the country.
Petrobras reduced the average price of aviation kerosene by 2.1% for November. This aviation fuel already has an accumulated decrease of 14.5% over the year, according to Reuters. Although it had previously dropped more than 30%, the price rebounded due to the increase in oil mid-year.
For its part, JBS plans to test the use of 100% biodiesel (B100) in its own fleet of trucks. The company intends to carry out these tests on three vehicles from the Dutch manufacturer DAF, using the biofuel produced in the city of Lins (SP), as reported by Reuters.
The Portuguese government has begun the process of receiving proposals from companies interested in participating in the offshore wind energy auction, which aims to install 2 GW of offshore wind energy and auction 10 GW by 2030, as established in the National Energy and Climate Plan. Europe is reviewing its rules to boost and accelerate offshore wind projects.
Source: EPBR Agency
Seja o primeiro a reagir!