Brazil surpasses 3 GW mark in large photovoltaic plants

According to Rodrigo Sauaia, CEO of ABSOLAR, Brazil is a solar nation by nature
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Brazil surpassed the 3 GW mark of operational power from solar sources in large plants, according to a survey by ABSOLAR (Brazilian Association of Photovoltaic Solar Energy).

In total, the source has already brought more than R$ 15.9 billion in new private investments into the country in this modality alone and generated around 90 thousand jobs. The collection for public coffers totals R$ 5.2 billion.

In the photovoltaic centralized generation segment, Brazil has the equivalent of 1.7% of installed power. ABSOLAR calculates that the country will accumulate, by 2025, R$ 25.8 billion invested in solar energy, considering the projects already contracted in energy auctions.

In 2019, the source was the most competitive among renewables in the two New Energy Auctions, A-4 and A-6, with an average price below US$ 21.00/MWh.

According to Rodrigo Sauaia, CEO of ABSOLAR, Brazil is a solar nation by nature, with privileged conditions to become a global leader in the area. “Photovoltaic energy reduces the population’s electricity costs, increases the competitiveness of companies and relieves the budget of public authorities, benefiting small, medium and large consumers”, said Sauaia.

For the executive, solar will have an increasingly strategic role in achieving the country's economic development goals, especially now in the post-pandemic period, as it is the renewable source that generates the most jobs in the world.

“In the crises of 2015 and 2016, Brazil's GDP was -3.8 and -3.6%, respectively, but the photovoltaic sector went in the opposite direction, with growth of more than 100% per year. Now, after the most acute phase of the current pandemic, solar energy will once again boost Brazil's economic and sustainable recovery”, highlighted the CEO of ABSOLAR.

“The wide distribution of projects throughout the national territory reinforces the regional diversity of photovoltaic sources, an advantage that is the result of the great availability of quality solar resources in our continental country, both for our society and for the environment”, commented Márcio Trannin, vice-president of ABSOLAR.

Picture of Mateus Badra
Mateus Badra
Journalist graduated from PUC-Campinas. He worked as a producer, reporter and presenter on TV Bandeirantes and Metro Jornal. Has been following the Brazilian electricity sector since 2020.

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