Solar energy expected to grow 500% by 2029

Brazil is expected to see a leap in photovoltaic generation in the coming years. According to the PDE (Ten-Year Energy Expansion Plan) carried out by the Ministry of Mines and Energy, together with EPE (Energy Research Company), solar energy is expected to grow, by 2029, around 500% in the country.

According to the study, the trend is that, over the next 10 years, around 20.000 MW will be added in the photovoltaic sector, 10.622 MW from Centralized Generation and 9.822 MW from Distributed Generation.

“We realized that there is a trend towards increasing installed capacity in Brazil, after all, we have a very large potential to store renewable energy. Today, we see that solar photovoltaic, wind and thermoelectric energy will provide security for the system. In this case, they will help to ensure the renewability of Brazil's energy matrix”, explained Renato Haddad, deputy superintendent of Generation Projects at EPE.

Haddad also states that energy sources are responsible not only for maintaining the sustainable profile of the Brazilian electrical system, but also contributing to the prospect of lower operating costs in the future.

Below is the table that shows the growth, in MW, of Centralized Generation (GC) and Distributed Generation (GD) until 2029:

Renewable energy

Brazil tends to continue, over the next ten years, with a predominantly renewable electricity generation supply, with around 80% of the generating complex made up of hydroelectric, wind, solar and biomass thermoelectric plants.

“Renewable energy should remain the main source of energy for the system for a long time. When we add them together, they tend to account for more than 80% of the installed energy system over the entire horizon. When we think about production and energy generation, we can reach up to 90%,” added the EPE superintendent.