The solar energy market ed a new record in Brazil in 2024, with demand for photovoltaic equipment exceeding 22 GWp and investments in the source suring the R$ 60 billion barrier – a growth of 27% compared to the previous year, despite challenges such as unstable exchange rates and high tax burden.
The data is part of a new study produced by greener, which interviewed almost 6 thousand companies from all over the country to analyze the behavior of the photovoltaic sector in the last year.
According to the research, the projects of GD (distributed generation) ed for 77% of the total investments made in 2024, against 23% of the power plants GC (centralized generation).
The study points out that the superiority of the distributed mini-generation segment was driven, in large part, by the expansion of solar farms. Another factor was the 9% reduction in the cost of solar energy for the end consumer throughout the year.
The price drop was mainly influenced by the 13% reduction in equipment prices in the first half of the year, reflecting the lower cost of photovoltaic modules on the international market. However, this variation was partially mitigated by the 3% increase at the end of the second half of the year.
“The trend is that the increase in import taxes in Brazil combined with the reduction in tax incentives in China will be felt by the market throughout this year”, assesses Marcio Takata, CEO of Greener.
According to the study, financing continues to play an important role in the expansion of the sector, ing 46% of photovoltaic system sales in the last year.
However, this share ed a drop of 7 pp (percentage points) compared to 2023, impacted by the increase in interest rates and greater credit restrictions by banks, reflecting default and cases of fraud.
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