Um study accomplished from CELA (Clean Energy Latin America) stated that volume de financing via institutions financial e market de capital for generation de energy solar in Brazil, so much em great power plants centralized how much in small systems em roofs e Land, fell No. year past e reached the brand of $ 18,3 billion em 2023, fall of 48% doors os $ 35,1 billion checked on last year.
According to the survey, which calculated disbursements from the main financial institutions that promote the promotion of electricity generation with photovoltaic technology, including public, private, credit cooperatives and fintechs, the drop in credits for large plants was 39% last year, with R$8,4 billion allocated to projects, compared to R$13,7 billion in the previous year.
Financing for rooftop solar energy generation systems (distributed generation) fell 61% in 2023, with R$4,7 billion invested in the year. Remote distributed generation solar plants (shared generation and remote self-consumption) had resources of R$5,2 billion, a drop of 45% compared to R$9,4 billion in 2022.
According to CELA, the amount of financing in 2023 for solar energy projects means the first year that the country declines in the volume of credits allocated to the sector.
“The volume of financing fell significantly, despite the strong growth of new solar energy installations in Brazil. This reflects the increase in interest rates in the country, and consequently in financing lines, causing consumers and entrepreneurs to prioritize equity in distributed generation solar projects”, says Camila Ramos, CEO of CELA.
Furthermore, he stated that the increase in default rates in financing in Brazil and for distributed generation solar projects caused financial institutions to reduce their exposure to this type of projects.
“As for solar energy in centralized generation, the biggest drop in financing was in debenture issues, although financing via BNDES and BNB also fell a little”, he added.
According to the study, another factor that influenced the drop in financing was the lack of participation of a financial institution that has participated every year in the survey carried out by CELA since 2019. However, this impact was partial on the results.
wind energy
CELA also monitored financing in wind energy, where the value reached was R$10,8 billion in 2023. As a result, the total value of financing via financial institutions for renewable energy reached R$29,1 billion in the same year .
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