Solar energy grows 40% in one year and reaches 52 GW in Brazil

Renewable sources have already attracted more than R$238,3 billion in new investments since 2012, according to data from ABSOLAR
Solar energy grows 40% in one year and reaches 52 GW in Brazil
Photo: Pixabay

Solar energy has just reached the 52 GW mark capacity installed in Brazil, according to a report released by ABSOLAR (Brazilian Association of Photovoltaic Solar Energy) on the afternoon of this Thursday (9).

In the same period last year, the volume of installed power in operation in the country was 37 GW, which represents a growth of approximately 40% since then.

According to the entity, since the beginning of the source's expansion in the country, the photovoltaic sector has brought more than R$238,3 billion in investments, generated more than 1,5 million green jobs and contributed R$73,8 billion in revenue to public coffers. Furthermore, it prevented the emission of 63 million tons of CO₂.

The balance considers the sum of the systems of distributed micro and minigeneration (with 34,8 GW) and large solar plants (with 17,4 GW) spread across all Brazilian states. 

Ronaldo Koloszuk, Chairman of the Board of Directors of ABSOLAR, highlights that the numbers reinforce the high potential of the solar source in the national scenario and the resilience of the market in the face of the challenges faced in recent years.

The executive explained that last year was marked by many difficulties for the sector, such as distributors' refusal to connect new solar systems, under the justification of power flow inversion in the case of distributed generation.

In the case of centralized generation, the sector faced power generation cuts (curtailment or constrained-off) carried out by the ONS (National Electric System Operator), which harmed generators' revenue, made it difficult to fulfill contracts and compromised investments in new solar projects.

“Although the growth of solar energy demonstrates the robust role of this source in the Brazilian electricity matrix, it is important to highlight that the sector has faced a series of challenges and barriers, requiring resilience and adaptation from companies and professionals,” Koloszuk pointed out.

Rodrigo Sauaia, CEO of ABSOLAR, added that many of the obstacles faced in 2024 remain present in the short and medium term horizon for entrepreneurs in the sector.

“The country needs to advance in public policies, incorporating good legal and regulatory practices, to better take advantage of the potential of solar energy in the social, economic and environmental development of Brazil, as well as in the energy transition and in the fight against global warming,” said Sauaia.

“In addition, there are immense opportunities in new technologies, such as electrical energy storage and green hydrogen, in which Brazil can assume a leading role, as long as it builds a business environment favorable to attracting investments, companies and green jobs,” he concluded.

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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.

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