Solar credit practically doubles in three years at Sicredi

Institution carried out more than 29 thousand operations in the first five months of 2024
Solar credit doubles in three years at Sicredi
Solar energy plant in Rio Grande do Sul. Photo: Sicredi/Disclosure

The portfolio of credit of Sicredi focused on the solar energy sector reached $ 5,6 billion in the first five months of this year, a increase of 86% compared to the same period in 2021, when the balance was R$3 billion.

According to the financial institution, it is visible and noticeable “Growing interest in and adoption of this technology, which brings savings while promoting sustainability, for the institution’s ”. 

To serve interested in obtaining a photovoltaic system, whether for their companies, homes or rural properties, Sicredi offers solutions that cover forms of contracting, such as financing, consortiums and insurance. 

In the states of Mato Grosso, Pará, Rondônia, Acre, Amazonas, Amapá, Roraima and some cities in Goiás, the bank carried out the most 29 thousand credit operations for this purpose only between January and May this year. 

The businessman Anderson Lucas Ramos, from the municipality of Juína (MT), was one of these consumers. The entrepreneur installed a photovoltaic system with 14 solar s to supply his home, his mother's house and his men's clothing and accessories store.     

“Adding the three properties, I paid just over R$1 per month. The system pays for itself and there is still leftovers. It was the best investment I made”, said Ramos, highlighting that, next month, ten more photovoltaic modules will be installed to expand their generation.

Solar energy in Brazil  

According to data from the ABSOLAR (Brazilian Solar Energy Association), Brazil is experiencing a historic period in the solar energy sector. solar energy, recording more than 44 GW operational, with more than 30 GW of distributed generation and more than 14 GW of centralized generation.

Data accumulated since 2012 also shows that adherence to this source brings positive impacts and economic development to the regions, with more than BRL 208,2 billion in new investments, but of 1,3 million new jobs green generated and more than 53,7 million tons of CO² avoided. 

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Photo by Henrique Hein
Henrique Hein
He worked at Correio Popular and Rádio Trianon. He has experience in podcast production, radio programs, interviews and reporting. Has been following the solar sector since 2020.

An answer

  1. Good day.
    I am a Sicredi member but it is very difficult to work with you. First, an agency cannot serve a client from another cooperative's region. Each cooperative works with different rules. I have been a member for 2 years and until now I have not had access to the platform for simulating financing. It seems that the Sicredi cooperative that serves the city of São Paulo does not have the same resources as those that serve the Southern States and more recently the Central-West.

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