The Brazilian photovoltaic energy market continues to reach significant milestones. At the moment the country has just reached 6 GW of operational power from solar sources, according to data from ABSOLAR (Brazilian Association of Photovoltaic Solar Energy), BYD reached 1,5 GW of modules sold, representing 25% of the sector in Brazil.
The numbers consolidate the company as one of the main players in the solar segment with national production, imports of photovoltaic modules and energy storage.
In recent years, the country has been experiencing dizzying growth in this market. According to the ABSOLAR, based on data from IRENA (International Renewable Energy Agency), the Brazil took 16th position in the world ranking of solar sources in 2019. As a result, it joined the list of the 20 countries with the most installed capacity – including centralized and distributed generation.
Photovoltaic energy also stands out as an important source of employment and income for the country, generating three times more jobs than other sources, with 180 thousand workers working directly in this market. “Several plans for rebuilding post-Covid economies around the world rely on solar energy to create jobs and generate clean energy,” said Adalberto Maluf, director of marketing and sustainability at BYD Brasil.
Safra Plan encourages national manufacturing
The manufacture of photovoltaic modules in Brazil received an important incentive after the announcement of the Harvest Plan 2020-2021, which allocates around R$2 billion to innovation projects, significantly reduces interest rates and facilitates credit for agribusiness.
“For BYD, which has national manufacturing with all modules included in Finame, the Safra Plan is an important incentive. Agribusiness is a major driver of solar energy in the country and this stimulus comes at a good time”, concluded Maluf.
