Solar energy on the free market reaches 11.2 GWp, points out Greener

Mining, chemicals and services, steel and metallurgy are the segments that most demanded solar contracts
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14-07-22-canal-solar-Energia solar no mercado livre atinge 11,2 GWp, aponta Greener
Volume of 11.2 GWp corresponds to an investment of more than R$ 43 billion. Photo: Envato Elements

Purchase and sale contracts for solar energy Long-term contracts, or PPAs (Power Purchase Agreement), accumulated, from 2018 to June 2022, 11.2 GWp on the free market.

This is what the Greener, a research and consultancy company specializing in the photovoltaic market. In total, this volume corresponds to an investment of more than R$ 43 billion.

Of this amount, 5.7 GWp are already in progress and/or operational. The supply chain also showed progress, closing 4.3 GWp of module contracts in 12 months.

The data was presented during the Greener Business Summit 2022, which brought together, from the 5th to the 7th of July in São Paulo, more than 250 players, including some of the main structurers and investors in the sector, as well as entities from the Brazilian Electric System, such as ONS, CCEE and EPE.

They were present at Amcham do Brasil to listen to experts and managers to discuss the current scenario and projections for the market in the coming years.

More data

According to the Greener study, mining, chemicals and services, steel and metallurgy are the segments that have most demanded solar energy contracts.

The consultancy stated that remote generation projects should also contribute to expansion, encouraged by regulatory changes to meet subscription energy models, known as shared generation, which should attract a significant volume of investments this year and in 2023.

“In recent months, due to the global and country economic scenario, the pace of expansion has fallen slightly, but the expectation is that it will quickly regain vigor”, observed Marcio Takata, director of Greener.

Electric mobility

Throughout the event, electric mobility was the topic of a panel on investments and new business models. In the first half of the year alone, sales of EVs (electric vehicles) grew by 50% in the country, as indicated by Adalberto Maluf, president of ABVE (Brazilian Electric Vehicle Association).

Sales of 100% battery-electric vehicles soar in Brazil in 2022

Furthermore, Thiago Hipolito, director of operations and innovation at 99 App, and Carlos Roma, CCO at TB Green, who were also present at the debate, pointed out the demand for charging infrastructure and the creation of vehicle financing funds as opportunities for entrepreneurs and investors who wish to invest in the electromobility market.

The role of energy startups – so-called enertechs – in creating innovative solutions to the challenges of the solar sector was another topic of discussion.

“What we see in the country is an inefficiency in the electricity sector, which is highly regulated and verticalized, which leaves us behind by at least 20 years compared to the United States and Europe”, commented Mathias Arno Ludwig, project manager at AES Brasil .

For him, this gap creates opportunities for startups to meet the segment's needs in services such as shared generation, digitalization of processes and measurement, among other segments not absorbed by large companies.

“Startups are characterized by understanding specific problems and presenting resolutions very quickly, especially when it comes to user experience, and large companies generally cannot keep up with them”, added Julio Begali, venture partner at Valetec Capital.

In his view, this scenario encouraged the creation of investment funds from large corporations aimed at startups, known as CVC (Corporate Venture Capital), with a focus on filling this innovation deficit.

“Brazil has a gigantic energy potential, which opens up many opportunities for investment for energytechs”, concluded Begali.

Picture of Mateus Badra
Matthew 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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