Brazil has emerged as one of the global leaders in solar adoption

It is expected that new technologies, which are already available in European countries, will soon arrive in the country
Brasil-despontado-líderes-solar
Solar sources are already used on several fronts in the country, such as in agriculture. Image: AE Solar/Disclosure

In recent years, the Brazil come if highlighting No. global scenario de solar energy with significant growth, both due to its geography favorable to the installation of this type of technology, and due to social and incentives.

Em 2023, the country hit record de expansion of photovoltaic energy, adding 3 GW to the national energy matrix. The installed capacity of the electrical matrix was 7 GW between January and August of the same year, of which 6,2 GW came from solar and wind sources¹.

Em 2024, to date, the production of photovoltaic energy has already sured 38 GW of installed capacity in the country, representing almost 17% of the national electrical matrix. According to data from ABSOLAR, a further 9,4 GW will be added to the network, resulting in a total of 45,5 GW in operation by the end of the year².

This demonstrates the evolution of Brazil in transition for cleaner energy matrix e sustainable and to establish itself as a leading global solar energy hub.

Part of this evolution has crucial from the government, which has played a key role in encouraging the expansion of solar energy in the country, through favorable public policies and energy auctions. Furthermore, the drop in the price of photovoltaic equipment and the reduction in interest rates created a favorable scenario for the market as a whole.

According to ABSOLAR, the renewable source of solar energy could generate more than 300 thousand new jobs in the country and new investments in the sector could exceed the figure of R$ 50 billion².

Today, photovoltaic energy is already used on several fronts in the country, such as in agriculture, commerce, industry, the automotive and residential sectors. The applications of solar s are very diverse, ranging from traditional installations on roofs, to plantations or lakes – known as floating plants.

It is expected that, soon, new technologies, which are already available in European countries, will arrive in Brazil, allowing better use of local geography and flexible or dual application, as is the case of vertically installed solar s, which are designed focusing on the agricultural sector, and can be used in crop plots, serving as energy-generating fences – which will further enhance the use of rural spaces.

All of this has been reflected and paving the way for a promising future in the Brazilian photovoltaic sector. By 2030, the installed capacity of solar energy in the country will grow to 28 GW in 2030, representing around 11% of the Brazilian electricity matrix – this is what EPE (Energy Research Company) predicts.

Brazil is one of the countries that has emerged as one of the global leaders in the adoption of photovoltaic energy and, with continuous investments and favorable policies, in addition to the emergence of cutting-edge technologies for the sector, the future of solar energy, here, without a doubt It will be very promising.

References

¹Gov.br.Brazil breaks record for solar energy expansion in 2023. https://www.gov.br/mme/pt-br/assuntos/noticias/brasil-bate-recorde-de-expansao-da-energia-solar -in-2023. Accessed in May 2024.
²Absolate. https://www.absolar.org.br/noticia/mercado-de-energia-solar-vislumbra-cenario-mais-favoravel-no-brasil-em-2024/. Accessed in May 2024.

The opinions and information expressed are the sole responsibility of the author and do not necessarily represent the official position of the author. Canal Solar.

Photo by Ramon Nuche
Ramon Nuche
LATAM Director at AE Solar. Engineer with extensive experience in multinationals, leads global teams in business and product development. ionate about technology and energy transformation, committed to bringing innovation in solar energy to Latin America, promoting sustainable business opportunities.

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