In 2020, the Solar Energy Sector Attracted More Than R$ 13 Billion in Investments. For 2021, Sector Should Surpass
According to data from Absolar – Brazilian Association of Photovoltaic Solar Energy, Brazil reaches a new record in the photovoltaic solar energy sector. Investments in the area exceed 13 billion reais. This year, entrepreneurs and companies in the segment project that industries from various sectors will continue investing.
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Investments by Companies in the Segment:
Aldo Solar, an equipment distributor, earned more than 1.6 billion reais last year and now estimates that private investment in 13,000 concessions throughout Brazil will exceed 4.5 billion reais.
Aldo Pereira Teixeira, founder and president of the company, says, “Our goal is to grow 100%. We expect to provide over 1GW of power, with more than 100,000 solar power generators sold throughout Brazil.”
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Tecnova Renováveis has also committed to contributing to the sector in 2021. The company announced that it will invest more than 100 million reais in generation, transmission, and distribution energy projects across Brazil. With the signed project, the company will expand its installed capacity fivefold by the end of December, from 10 MW to 50 MW.
Energy Generation Capacity of Brazil:
In terms of clean and renewable energy generation capacity, Brazil currently has 7.5 gigawatts (GW) of photovoltaic solar energy to generate electricity, incorporating large factories and small to medium systems installed on rooftops, external walls, and land (distributed generation), which accounts for more than half of the installed capacity of the Itaipu Hydroelectric Plant, the largest in Brazil and the second largest in the world.

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