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Home / News / box and ABSOLAR form partnership to expand credit to the solar sector

box and ABSOLAR form partnership to expand credit to the solar sector

Resources and services aim to enable new investments in own generation from the source throughout Brazil
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  • Photo by Henrique Hein Henrique Hein
  • October 17, 2022, at 14:11 PM
1 min 27 sec read

A CEF e ABSOLAR (Brazilian Photovoltaic Solar Energy Association) signed, this Monday (17), a the partnership which provides for the expansion of Offer credit lines protocols for photovoltaic sector Brazilian.

Os resources and services banking services available aim make viable new investments in own generation from the solar source throughout the national territory. 

The initiative also seeks to encourage creating more jobs and income for the population, as well as the development of new business opportunities for entrepreneurs. 

The executive chairman of ABSOLAR, Rodrigo Sauaia, highlights that, since 2012, the own generation of solar energy has already brought to Brazil more than BRL 73,9 billion in new investments, generating more than 405 jobs and providing the collection of more than R$17,2 billion to public coffers. 

“The advancement of solar energy in Brazil is fundamental for economic, social and environmental development and helps to diversify the country’s electricity supply, reducing pressure on water resources and the risk of a red flag on the electricity bill. population,” he said. 

According to data from ANEEL (National Electric Energy Agency), Brazil currently has more than 1,3 million photovoltaic solar systems connected to the grid, bringing savings and environmental sustainability to more than 1,6 million consumer units. 

Photovoltaic solar technology is already present in more than 99,8% of Brazilian municipalities: 5.508 of the 5.570. “Own generation of solar energy represents a huge potential for generating jobs and income, attracting new investments and supporting sustainability and combating climate change”, concludes Sauaia.

ABSOLAR (Brazilian Photovoltaic Solar Energy Association) solar energy Financing credit lines
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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