How has solar energy changed in Brazil in 2021?

Utility scale solar energy in Brazil increased 40.9% in 2021, while distributed generation from solar increased 84%. Investments in utility-scale solar energy projects that have already been approved amount to more than $20 billion. An additional $1 billion has been invested in solar distributed generation since 2012.

Is Brazil a good producer of solar energy?

Just three years ago, Brazil did not feature among the world’s top producers of solar energy, but by 2023 it had risen to sixth place in the rankings. The pace of growth has been notable: since 2022, the country has added, on average, roughly one gigawatt of solar capacity every month.

How much money has been invested in solar energy in Brazil?

An additional $1 billion has been invested in solar distributed generation since 2012. This amount is expected to increase exponentially in the next several years. While Brazil still has vast areas for the development of additional solar and onshore wind projects, several potential offshore wind projects have been announced.

Where do Brazil's solar panels come from?

Dornellas says almost all of Brazil’s photovoltaic modules and inverters (which convert solar energy for use in electronic devices) are bought from Chinese companies.

How much solar power does Brazil have?

As of the end of March, Brazil's cumulative installed PV capacity had reached 41GW, of which 13GW were utility-scale PV projects and 28GW were distributed PV. Over the past decade, Brazil's solar power generation has shown phenomenal growth.

Does Brazil have a 'distributed' solar system?

Allied to this, in 2012 the country gave its authorisation for “distributed” generation – the production of energy on a smaller scale, close to the point of consumption. This format now accounts for almost 70% of solar energy in Brazil, and is the main driver of solar’s growth in the country.