Solar energy attracted more than R$59,6 billion in new investments in 2023, a growth of 49% compared to the accumulated investments until the end of 2022 in the country, adding large plants and self-generation systems on roofs, facades and small plots of land. The survey was carried out by ABSOLAR (Brazilian Photovoltaic Solar Energy Association).
In addition to investments, during this period the solar sector generated more than 352 thousand new green jobs in Brazil, spread across all regions of the country. Since 2012, the photovoltaic solar source has generated more than R$ 181,3 billion in business and generated more than 1,1 million new jobs.
In terms of installed power, the solar source added a total of 11,9 GW to the Brazilian electrical matrix, between large plants and small self-generation systems on roofs and land.
There were 7,9 GW of distributed generation and 4 GW of centralized generation. Accumulated since 2012, Brazil currently has 37,2 GW of operational power from solar sources, 25,8 GW of distributed generation and 11,4 GW of centralized generation.
The 37 GW of accumulated power from the solar source in Brazil exceeded the installed power of the largest plant in the world by 1,6 times, the Three Gorges hydroelectric plant in China, with 22,5 GW.
In 2023 alone, the Brazilian photovoltaic market provided more than R$11 billion in revenue to public coffers, an increase of 28,8% in relation to the total collected by the end of 2022 in the country.
Currently, large solar plants operate in 26 Brazilian states, in all regions of Brazil. Accumulated investments in this segment exceed R$51,2 billion.
In the distributed generation segment, there are more than R$130 billion in accumulated investments, R$31,9 billion in revenue and more than 774,5 thousand accumulated jobs.
The modality is present in the five regions of Brazil and solar technology is currently used in 99,9% of all self-generation connections in the country, easily leading the segment.
Brazil has more than 2,3 million solar photovoltaic systems connected to the grid, bringing savings and sustainability to around 3,3 million consumer units.
For the President of the Board of Directors of ABSOLAR, Ronaldo Koloszuk, the solar source is currently one of the main vectors to accelerate the decarbonization of Brazil and help the country to position itself as an important protagonist in the energy transition towards a more sustainable society.
“Although it has made progress in recent years, Brazil – which has one of the best solar resources on the planet – continues to fall far short of its solar potential. There are more than 92 million electricity consumers in the country, but currently less than 3,5% use the sun to generate electricity”, says Koloszuk.
According to the CEO of ABSOLAR, Rodrigo Sauaia, solar energy will play an increasingly strategic role in achieving Brazil's social, economic and environmental development goals, including helping with sustainable economic growth, as it is the renewable source that generates the most jobs and income in the world.
“Solar 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 in the country. The solar photovoltaic sector works to accelerate the renewable expansion of the electrical matrix Brazilian. We are the most versatile and accessible renewable source in Brazil and we will continue to help the country grow, with increasing competitiveness and sustainability”, points out Sauaia.
Projections for 2024
Projections of ABSOLAR indicate that, in 2024, new investments brought by the photovoltaic sector could exceed the figure of R$ 38,9 billion, including large plants and small and medium systems on roofs, facades and land.
According to the entity's assessment, the photovoltaic solar source could generate more than 281,6 thousand new green jobs this year, spread across all regions of Brazil, in addition to providing revenue of more than R$11,7 billion to public coffers.
According to the projection, in 2024, more than 9,3 GW of installed power will be added, reaching a cumulative total of more than 45,5 GW, the equivalent of more than three Itaipu plants.
Of the 45,5 GW accumulated by the end of 2024, 31 GW will come from small and medium-sized systems installed by consumers in homes, small businesses, rural properties and public buildings, which will represent 68% of the accumulated total from the source, while 14,4 GW will be in large solar plants, which will represent 32% of the accumulated total.
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