Photovoltaic solar energy exceeds 6 GW in Brazil

Brazil has surpassed the 6 GW mark of operational solar power, with 2,9 GW of GC (centralized generation) and 3,1 GW of DG (distributed generation). The survey was conducted by ABSOLAR (Brazilian Photovoltaic Solar Energy Association).

The sector has grown in the country, generating approximately 180 jobs and generating more than R$31 billion in new private investments in Brazil. In the GC segment, total investments planned until 2025, related to projects already contracted in energy auctions, exceed R$25,8 billion.

In 2019, the source was the most competitive among renewable sources in the two New Energy Auctions, A-4 and A-6, with average prices below US$ 21,00/MWh. For Rodrigo Sauaia, CEO of ABSOLAR, Brazil is a solar nation by nature, with privileged conditions to become a world leader in the area.

“The solar source reduces the population’s electricity costs, increases the competitiveness of companies and relieves the budget of public authorities, benefiting small, medium and large consumers in the country”, says Sauaia.

The executive also highlights the sector's important role for the economy in the post-pandemic scenario. “Solar energy will play an increasingly strategic role in achieving the country's economic development goals, especially now to help the economy recover after the pandemic, as it is the renewable source that generates the most jobs in the world,” he emphasizes.

Ronaldo Koloszuk, Chairman of the Board of Directors of ABSOLAR, comments on how the photovoltaic market will be vital to overcome this crisis. “In the crises of 2015 and 2016, Brazil’s GDP (Gross Domestic Product) was -3,8 and -3,6%, respectively, but the photovoltaic sector grew more than 100% per year, contributing to the country’s recovery. Now, after the most acute phase of the current pandemic, the sector will once again leverage Brazil’s recovery, being part of the solution, both for our society and for the environment”, he highlights.